retail
35,385 SF
45 Richards Grove Road
Waterford, Connecticut 06375
Price
$1,500,000
Price/SF
$42.39/SF
Building Size
35,385 SF
Lot Size
4.90 acres
Year Built
1986
Units
4
Property Description
This 4.9-acre waterfront industrial and redevelopment property offers active rail access and excellent regional connectivity. The site includes direct rail service into the property and warehouse and features four industrial/commercial buildings totaling approximately 51,000 square feet. Improvements include gated entry, perimeter fencing, extensive asphalt paving, warehouse space, offices, and storefront components, allowing for immediate industrial or warehouse use. Located in a residential neighborhood with water views and water access, the property maintains strong access to Route 32, Route 12, I-395, and I-95, supporting logistics, distribution, and commuter access. Zoning allows warehouse and distribution, rail-served industrial operations, marine or boat storage and service, commercial use, or residential redevelopment. Current zoning supports up to 40 residential units, with potential for additional density subject to approvals. Demand is driven by proximity to Electric Boat, Pfizer, the U.S. Coast Guard Academy, Connecticut College, Mitchell College, and the New London Naval Base. The property is may be leased, repositioned, or redeveloped, offering multiple strategies on a rail-served waterfront asset.
Additional Details
Zoning
WD
MLS Number
24152493
Property ID
cb00b045-fd6e-4e09-82c9-b59dbcabc8e0
MLS Information
MLS#: 24152493
Listed by: RE/MAX Legends
Agent: Steph Rush • (860) 449-2699 • realtor.srush@gmail.com
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