Historic Mill Apartment
21 Pawcatuck Avenue, Stonington, CT 06379
For Sale
$3,800,000
The 1899 mill has approvals for 58 apartments, with further residential development indicated for the vacant land.
Property SizeContact for details
Lot Size5.24 Acres
Days on Market93
Property Features for 21 Pawcatuck Avenue
General Information
Standard status
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Amenities
Cable,Electric,Gas,Telephone
Public Water In Street
Water View
Approved Building Lot,Approved Subdivision,Curb Cut(s)
Building Details
Year Built
Buildings
Listing Agency:
Academic Co-Realty Services
(203) 458-0550
Listed By:
Gregory Walwer · License CT REB.0790169
(203) 623-4600
Source:
Surfrealtyteam
Added: Aug 10
Changed: Nov 10
Last Checked: Nov 10 at 1:35AM
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 Academic Co-Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5.24-acre property includes the historic Clark Thread Mill, built in 1899. Approvals are in place to create 58 apartments in the mill building. The town has also indicated that at least 58 additional units could be readily approvable on the vacant land. The site carries MC-80 zoning and includes an approved building lot and subdivision, along with curb cuts.
A separate mill building just south of the property was converted into 58 apartments in 2016. Public water is available in the street, and the property has a water view.
A separate mill building just south of the property was converted into 58 apartments in 2016. Public water is available in the street, and the property has a water view.
Key Highlights
- 5.24‑acre property with MC‑80 zoning
- Historic Clark Thread Mill dates to 1899
- Approvals cover 58 apartments in the mill building
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 06379, CT
8,813
Population
4,216
Households
2.1
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
722
Density / Sq Mi
$87,352
Median Household Income
$53,617
Median Earnings
$1,183
Median Rent
$364,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The 1899 mill has approvals for 58 apartments, with further residential development indicated for the vacant land.
Where is this apartment building located?
The property is located at 21 Pawcatuck Avenue Stonington, CT.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 5.24‑acre property with MC‑80 zoning; Historic Clark Thread Mill dates to 1899; Approvals cover 58 apartments in the mill building
