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    45 Richards Grove Rd Quaker Hill, CT 06375

    For Sale
    $1,500,000

    Waterfront 4.9 acre property with warehouse and development potential.

    Lot size:
    4.90 Acres

    Property Features for 45 Richards Grove Rd

    General Information

    Lot size
    4.90 Acres

    Building Details

    Year built
    1986

    Source: RE/MAX Legends Agent Steph Rush

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

    Overview

    Waterfront 4.9 Acre Commercial Property

    This 4.9-acre waterfront property offers multiple development directions. It is located in a residential neighborhood with water views and access, providing easy access to Route 32, with quick access to Route 12, Route 395, and Route 95. The property presents an excellent warehouse opportunity as it currently stands, featuring a gated entry, fencing, multiple storage buildings, and offices with a storefront. Alternatively, it offers potential for residential development, supporting 40 units according to current zoning, with the possibility of future expansion. Local facilities include the Coast Guard Academy, Connecticut College, New London Naval Base, Electric Boat, and Mitchell College.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Dental Office Building Supply Gym & Fitness Auto Repair Shop Pharmacy Daycare Center Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Quaker Hill
    County
    New London
    State
    Connecticut
    Longitude
    -72.10377
    Latitude
    41.397038

    Nearby Similar for Sale

    • $325,000

      Commercial Building with Development Potential

      2,853 SF commercial building with approvals for expansion.
      100 Old Norwich Rd, Quaker Hill, CT 06375
      View Details

    FAQs

    What type of property is this?
    Commercial land - Waterfront 4.9 acre property with warehouse and development potential.
    Where is this commercial land located?
    The property is located at 45 Richards Grove Rd Quaker Hill, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Waterfront 4.9-acre property with **water views and access**; - Potential for residential development supporting **40 units** (current zoning); - Excellent warehouse opportunity with gated entry, fencing, storage buildings, and offices
    (860) 449-2699
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    45 Richards Grove Rd Quaker Hill, CT 06375
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    Quaker Hill, CT 06375
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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
    45 Richards Grove Rd Quaker Hill, CT 06375
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