45 Richards Grove Rd - Service FOR SALE


Quaker Hill, CT 06375
$1,500,000 USD
860-449-2699
45 Richards Grove Rd, Quaker Hill, CT for Sale
$1,500,000 USD
Service - FOR SALE
1/26
null | 10% Cap Rate

45 Richards Grove Rd
Quaker Hill, CT 06375


HIGHLIGHTS

  • WATER-FRONT 4.9 ACRE property in multiple directions.
  • Water-views, easy access to route 32, with quick access to Route 12, Route 395, Route 95.
  • Property includes one warehouse 24,000 sq ft, office/showroom/storage 14,452, and two (4,520, 8,384) other storage spaces.

OVERVIEW

4.9-acre waterfront property located in Waterford’s Waterfront Development (WD) District with active rail access directly into the property and warehouse. The site includes four industrial/commercial buildings totaling approximately 51,000 square feet with gated entry, perimeter fencing, and extensive asphalt paving. All structures are situated within a residential neighborhood offering water views and access. The property has convenient proximity to Route 32, Route 12, I-395, and I-95, providing easy regional connectivity. Zoning allows for multiple potential uses including marine operations, boat storage or service, warehouse/distribution, industrial, or residential redevelopment. Current zoning supports up to 40 residential units, with potential for additional density subject to approval. Nearby major employers include Electric Boat, Pfizer, the U.S. Coast Guard Academy, and Connecticut College. The property is currently vacant and may be leased or redeveloped for future use.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

R&D, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.9

LAND SF

213,444

ZONING

WD

APN/PARCEL ID

WATE-000055-000000-006518

ASK ABOUT THIS PROPERTY

Stephanie RushRe/Max LegendsMore Info
860-449-2699

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Stephanie RushRe/Max LegendsMore Info
860-449-2699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.