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Gas Station with Three Service Bays
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360 Mago Point Way, Waterford, CT 06385

Corner-site service station with updated electrical, a new furnace, and multiple commercial use options.

Property Size1,676 SF
Days on Market143

Property Features for 360 Mago Point Way

General Information

Standard status Active
Size 1,676 SF
Property subtype Special Purpose

Additional Details

Road Access Yes
Service Bays 3

Building Details

Buildings 1
Listing Agency: Londregan Commercial Real Estate Group
Listed By: James Gillanders · License #CT 0805707
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:30PM

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 Londregan Commercial Real Estate Group

Investment Insights

Based on property information with market context.

The property includes a 1,676-square-foot service station on a 0.4-acre parcel, together with an adjoining 0.2-acre lot. Three service bays have 10-foot garage doors. Property improvements include a new furnace and updated electrical service.

Located at 360 Mago Point Way in Waterford, Connecticut, the site occupies the corner of Niantic River Road and Mago Point Way at the entrance to Mago Point and along the Niantic River. Potential uses identified for the property include outdoor dining and entertainment, boating and fishing supply sales, retail and service businesses, restaurants, cafés, professional offices, a fish market, first-floor commercial space within a mixed-use project, miniature golf, and outdoor boat and trailer sales.

The existing fuel tanks have been removed, and remediation has been approved. The included parcels provide a combined 0.6 acres of land.

Key Highlights

  • 1,676 SF service station on a 0.4‑acre parcel
  • Additional adjoining 0.2‑acre lot included
  • Three service bays with 10‑foot garage doors

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Service bays
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - Corner-site service station with updated electrical, a new furnace, and multiple commercial use options.
Where is this gas station located?
The property is located at 360 Mago Point Way Waterford, CT.
What are key features of this property?
This property features: 1,676 SF service station on a 0.4‑acre parcel; Additional adjoining 0.2‑acre lot included; Three service bays with 10‑foot garage doors
(860) 444-8811 Call to check price and availability
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