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    16 Stonington Rd Stonington, CT 06379

    For Sale
    $2,250,000

    7.23 acre land parcel in the Mystic area.

    Lot size:
    7.23 Acres

    Property Features for 16 Stonington Rd

    General Information

    Lot size
    7.23 Acres

    Building Details

    Year built
    1959

    Source: Mott & Chace Sotheby's Intl Rt Agent Donna Simmons

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

    Overview

    Large Land Parcel in Mystic

    This property features 7.23 acres of land, with approximately 5.5 buildable acres, situated in the Mystic area. It is zoned C60. The land is level and has approvals to fill in some areas. A former retail space is present on the property, but it is past its useful life. The current owner has completed Phase 2 of clean up, with Phase 3 remaining, estimated in the $200-300K range. Located on Stonington Road, a highly traveled state road connecting Westerly through Stonington to Mystic, the property offers potential for various developments. Conceptual plans are available, suggesting possibilities such as a strip center, apartment or condo project, retail area, or office building.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Clothing Store Department Store HVAC Service Electrical Service Bakery Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.9541106
    Latitude
    41.3458741

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    FAQs

    What type of property is this?
    Commercial land - 7.23 acre land parcel in the Mystic area.
    Where is this commercial land located?
    The property is located at 16 Stonington Rd Stonington, CT.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Largest available parcel in Mystic area: 7.23 acres with approximately 5.5 buildable acres.; - High-traffic location on Stonington Road, a well-traveled state road leading to Mystic.; - Versatile development potential: Zoned C60, suitable for strip center, apartments/condos, retail, or office building.
    (401) 439-0268
    Request Owner's contact information
    16 Stonington Rd Stonington, CT 06379
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    Stonington, CT 06379
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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
    16 Stonington Rd Stonington, CT 06379
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