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
1/102
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

This 4.9-acre waterfront industrial and redevelopment property offers active rail access and excellent regional connectivity. The site includes direct rail service into the property and warehouse and features four industrial/commercial buildings totaling approximately 51,000 square feet. Improvements include gated entry, perimeter fencing, extensive asphalt paving, warehouse space, offices, and storefront components, allowing for immediate industrial or warehouse use. Located in a residential neighborhood with water views and water access, the property maintains strong access to Route 32, Route 12, I-395, and I-95, supporting logistics, distribution, and commuter access. Zoning allows warehouse and distribution, rail-served industrial operations, marine or boat storage and service, commercial use, or residential redevelopment. Current zoning supports up to 40 residential units, with potential for additional density subject to approvals. Demand is driven by proximity to Electric Boat, Pfizer, the U.S. Coast Guard Academy, Connecticut College, Mitchell College, and the New London Naval Base. The property is may be leased, repositioned, or redeveloped, offering multiple strategies on a rail-served waterfront asset.

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.