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45 Richards Grove Rd 35,385 SF Industrial Building Quaker Hill, CT 06375 $1,500,000 ($42.39/SF) 10% Cap Rate

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INVESTMENT HIGHLIGHTS

WATER-FRONT 4.9 ACRE property in multiple directions.
Property includes one warehouse 24,000 sq ft, office/showroom/storage 14,452, and two (4,520, 8,384) other storage spaces.

Water-views, easy access to route 32, with quick access to Route 12, Route 395, Route 95.

EXECUTIVE SUMMARY

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.

Buildings and Specs

WD Zoning DEFINITIONS

Final survey

PROPERTY FACTS

Price	$1,500,000	Lot Size	4.90 AC
Price Per SF	$42.39	Rentable Building Area	35,385 SF
Sale Type	Investment	No. Stories	1
Cap Rate	10%	Year Built	1999
Property Type	Industrial	Parking Ratio	1/1,000 SF
Property Subtype	Service Flex Research & Development Industrial Manufacturing Industrial Warehouse	Clear Ceiling Height	22’
Building Class	C
Zoning	WD - Waterfront zoning allows marinas, docks, boatyards, marine sales, restaurants, housing, hotels, and mixed waterfront uses with public access.

Price	$1,500,000
Price Per SF	$42.39
Sale Type	Investment
Cap Rate	10%
Property Type	Industrial
Property Subtype	Service Flex Research & Development Industrial Manufacturing Industrial Warehouse
Building Class	C
Lot Size	4.90 AC
Rentable Building Area	35,385 SF
No. Stories	1
Year Built	1999
Parking Ratio	1/1,000 SF
Clear Ceiling Height	22’
Zoning	WD - Waterfront zoning allows marinas, docks, boatyards, marine sales, restaurants, housing, hotels, and mixed waterfront uses with public access.