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140 Waterford Parkway South - Former Waterford Airport

328 Acres of Commercial Land Offered at $8,000,000 in Waterford, CT 06385

Executive Summary

The former Waterford Airport consisting of 189 acres in the IP-1 zone and 4 separate lots totaling 139 acres in the R-40 zone are offered as a master development opportunity to create a mixed use environment on the 328 acres. With 600 feet of frontage on I-95, the site is directly across from a major retail destination that includes Lowes, Walmart Supercenter as well as other major national retailers. EB, Pfizer and the Coast Guard and Navy facilities are just minutes away in New London and Groton. The 328 acres are suitable for commercial, industrial, recreational and residential uses, with the town of Waterford open to an integrated set of uses that are compatible with those allowed by right as well as those allowed by special permit. Property is accessed from Waterford Parkway South which runs parallel to I-95 off exit 81 Cross Road (north and south).

Property Facts

Price $8,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 328.00 AC

1 Lot Available

Lot 1

Price $8,000,000
Price Per AC $24,390
Lot Size 328.00 AC

The former Waterford Airport on 189 acres in the IP-1 zone and four additional lots on 139 acre in the R-40 zone are being offered as a master development of mixed uses for commercial, industrial, recreational and residential.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WATE-000111-000000-004380
Land Assessment
$18,150
Improvements Assessment
$0
Total Assessment
$18,150

zoning

Zoning Code IP-1 & R-40
IP-1 & R-40
  • Listing ID: 25472097

  • Date on Market: 4/14/2022

  • Last Updated:

  • Address: 140 Waterford Parkway South, Waterford, CT 06385

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