328 Acres Development
For Sale
$8,000,000
Pending
140 Waterford Parkway South, Waterford, CT 06385
328 acres suitable for mixed-use development in Waterford, CT.
Property SizeContact for details
Lot Size328.00 Acres
Days on Market1062
Property Features for 140 Waterford Parkway South
General Information
Standard status
Pending
Lot size
328.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$31,927
Amenities
No Heat Heating
Some Wetlands
Building Details
Year Built
2024
Listing Agency:
Lyman Real Estate
(860) 887-5000
Listed By:
PENNY PARKER · License #REB.0755055
Source:
Corcoran
Added: Sep 12, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyman Real Estate
Investment Insights
Based on property information with market context.
This offering presents a master development opportunity encompassing 328 acres. The site includes 189 acres zoned IP-1, formerly the Waterford Airport, and four separate lots totaling 139 acres zoned R-40. The location features 600 feet of frontage on I-95 and is situated directly across from a major retail destination that includes Lowes and Walmart Supercenter, along with other national retailers. The property is located minutes from EB, Pfizer, and Coast Guard and Navy facilities in New London and Groton. The 328 acres are suitable for commercial, industrial, recreational, and residential uses. The town of Waterford is open to an integrated set of uses that are compatible with those allowed by right as well as those allowed by special permit. Access to the property is provided by Waterford Parkway South, which runs parallel to I-95 off exit 81 Cross Road (north and south).
Key Highlights
- 328‑acre master development opportunity suitable for mixed‑use environment.
- Located directly across from major retail destination with 600 feet of frontage on I‑95.
- Proximity to major employers in New London and Groton.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 06385, CT
15,796
Population
7,407
Households
2.1
Avg Household Size
49
Median Age
41%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
637
Density / Sq Mi
$110,375
Median Household Income
$61,767
Median Earnings
$1,593
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 328 acres suitable for mixed-use development in Waterford, CT.
Where is this land located?
The property is located at 140 Waterford Parkway South Waterford, CT.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 328‑acre master development opportunity suitable for mixed‑use environment.; Located directly across from major retail destination with **600 feet of frontage on I‑95**.; Proximity to major employers in New London and Groton.
