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27 W Broad St

2 Acres of Commercial Land Offered at £938,940 in Stonington, CT 06379

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Investment Highlights

Approved for 82-unit housing development

Executive Summary

These two lots are being sold together as one for $1,200,000. THIS SITE RECEIVED UNANIMOUS APPROVAL FROM THE STONINGTON PLANNING AND ZONING COMMISSION FOR AN 82 UNIT RESIDENTIAL DEVELOPMENT.
This property is served by municipal water and sewer, 3-phase electrical service as well as internet.

Marketing Brochure/Flyer

Property Facts

Price	£938,940	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Mixed Use Apartment Units Apartment Units - Condo Apartment Units - Senior Hotel
No. Lots	1	Total Lot Size	2.00 AC
Property Type	Land

Price	£938,940
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Apartment Units Apartment Units - Condo Apartment Units - Senior Hotel
Total Lot Size	2.00 AC

1 Lot Available

Lot

Price	£938,940	Lot Size	2.00 AC
Price Per AC	£469,470

Price	£938,940
Price Per AC	£469,470
Lot Size	2.00 AC

Downtown Stonington on West Broad Street. Broad Street is U.S. Route 1.

Description

Photos attached were taken by drone photography to show site and surroundings, including 200' Pawcatuck River frontage which divides CT and RI. There are full compass photos taken at 70 feet above grade to show views from proposed building. Pawcatuck is a village in the Town of Stonington, CT. It has its own volunteer fire dep and zip code,. All other services are provided by Town of Stonington. Site is located on US Route 1, and is 3 miles from I-95 interchange. Also adjacent to Westerly RI Amtrak station offering daily commuting between Boston and New York. Providence airport is 30 miles away. Local amenities and services include a library and downtown park, churches, banks, restaurants and entertainment, shopping, groceries, arts center, and two local newspapers. Additionally, there are two local casinos, Electric Boat Division of General Dynamics, Pfizer R & D headquarters, Mystic Seaport and Museum, Coast Guard Academy and local universities, ocean beaches, fresh and salt water fishing, duck-, bird-, and deer hunting, as well as golf.

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aerial
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27 W Broad St, Stonington, CT - aerial map view - Image1

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27 W Broad St, Stonington, CT - aerial map view - Image23

Walk Score ®

Very Walkable (89)

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PROPERTY TAXES

Parcel Numbers	Multiple STON-000001-000004-000019 STON-000001-000004-000018	Improvements Assessment	£11,424
Land Assessment	£72,455	Total Assessment	£83,879