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    21 Pawcatuck Ave Stonington, CT

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    For Sale
    Contact for pricing

    Approved 51-unit apartment conversion near Pawcatuck River.

    Lot size:
    2.50 Acres

    Property Features for 21 Pawcatuck Ave

    General Information

    Lot size
    2.50 Acres
    Source: Moodyscre

    Listing Agent: Brad Balletto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Development Opportunity by River

    This property presents a large-scale residential development opportunity in a desirable location along the Pawcatuck River. The site has an approved plan for a 51-unit apartment conversion. Its location offers proximity to New London/Groton, Norwich, and Westerly, Rhode Island.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.9164217
    Latitude
    41.3714388

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    FAQs

    What type of property is this?
    Residential land & home lot - Approved 51-unit apartment conversion near Pawcatuck River.
    Where is this residential land & home lot located?
    The property is located at 21 Pawcatuck Ave Stonington, CT.
    What are key features of this property?
    This property features: - Approved 51-unit apartment conversion; - Desirable location along Pawcatuck River; - Large scale residential development opportunity
    (860) 420-9775
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    21 Pawcatuck Ave Stonington, CT
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    Stonington, CT
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21 Pawcatuck Ave Stonington, CT
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