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    74 Foster Rd Waterford, CT 06385

    Sponsored
    For Sale
    $1,930,000

    193 Acres, I-G Zoning, $1.93M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 193-acre industrial land parcel in Waterford, Connecticut, presents a unique investment opportunity. Located in New London County, with a 06385 zip code, the property boasts I-G zoning, making it ideal for various industrial uses. Utilities are readily available on-site, including water, gas, and electricity. Its strategic location offers unparalleled access to major transportation arteries: I-95, I-395, and Route 85, ensuring seamless logistics and distribution. Detailed site plans, topography maps, and three separate, unapproved subdivision proposals are available for review. While conceptual golf course layouts are also available, the seller requires the purchase of the entire 193-acre parcel

    Property Features for 74 Foster Rd

    General Information

    Property type
    Land
    Lot Size
    8,407,080 SF

    HighLights

    • 193‑acre industrial land parcel in Waterford, CT (06385).
    • I‑G zoning allows for diverse industrial uses.
    • Utilities (water, gas, electricity) available on‑site.
    • Excellent access to I‑95, I‑395, and Route 85.
    • Site plans, topography maps, and three unapproved subdivision proposals available.
    • Entire 193‑acre parcel must be purchased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Dental Office Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    New London
    State
    Connecticut
    Longitude
    -72.167056
    Latitude
    41.3855829

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    FAQs

    What type of property is this?
    Land - 193 Acres, I-G Zoning, $1.93M
    Where is this land located?
    The property is located at 74 Foster Rd Waterford, CT.
    What is the asking price?
    The asking price for this property is $1,930,000.
    What are key features of this property?
    This property features: 193-acre industrial land parcel in Waterford, CT (06385).; I-G zoning allows for diverse industrial uses.; Utilities (water, gas, electricity) available on-site.
    Request Owner's contact information
    74 Foster Rd Waterford, CT 06385
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    Waterford, CT 06385
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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
    74 Foster Rd Waterford, CT 06385
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