0 Water St North Stonington, CT 06359
This exceptional commercial land opportunity in North Stonington, Connecticut, presents a unique investment prospect. Located at 0 Water North St, 06359, this 0.4-acre parcel is zoned A-2, allowing for various development possibilities. While the listing includes a 0.4-acre lot, the marketing materials describe a total of approximately 3.94 acres comprised of three separate lots (0.29 acres, 0.4 acres, and 3.25 acres) sold as a single package. The larger lots, totaling 3.54 acres, are described as buildable, potentially yielding 3-5 single-family homes (subject to town approval). The 0.4-acre lot, while not buildable, offers valuable access to the Connecticut River. One of the larger lots includes a billboard and additional river access. The property enjoys convenient access to major routes, including proximity to Bridge Street and Route 140. Potential buyers should contact East Windsor Town Hall for development guidance and necessary approvals. The asking price for the entire 3.94-acre property is $164,925. This presents a rare chance to acquire land with significant potential in a desirable location. Note that the property information describes the lots as being located in East Windsor, while the address is in North Stonington. Please verify the location with the appropriate authorities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.