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Near Amazon Facility, Ideal Res Conversion 51 S Walnut St Vacant Industrial Building Online Auction Sale Wauregan, CT 06387
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Investment Highlights
- Fully vacant former mill perched along the Quinebaug River with expansive acreage and multiple on-site structures.
- Near local shops, dining, entertainment, and the national brand Dollar General to serve community needs.
- Within 10 miles, there is a strong workforce of over 20,000 employees, with average household incomes exceeding $93,000 annually.
- This picturesque location is conveniently close to the Connecticut Turnpike (Interstate 395), offering access to Providence and Worcester.
- Flexible industrial zoning supports a wide range of future uses, including warehousing, manufacturing, and distribution.
Executive Summary
51 S Walnut Street is an excellent opportunity in Wauregan, Connecticut. This stunning, historic mill spans an impressive 351,000 square feet across five expansive stories. Nestled on a generous 75-acre site along the scenic Quinebaug River, the property includes several outbuildings. For over 150 years, this site has been continuously occupied by manufacturing operations ranging from yarn and fabric production to wire and cable manufacturing, speaking to its enduring industrial legacy.
The well-equipped facility has features supporting various operations, including a Cleveland tube heating system, public utilities, and parking accommodations for up to 200 vehicles. Interior spaces offer an average ceiling height of 12 feet, and vertical transport is facilitated by both a Harris Preble 5,000-pound freight elevator and a 4,000-pound capacity cable lift elevator. The building boasts a classic double-pitched roof, updated with new asphalt shingles in 2005, and provides five functional loading docks for easy logistics.
Environmental compliance is already addressed, with all required Connecticut State Environmental Transfer Act documentation completed. The property falls under I-1 Industrial zoning, offering future owners various potential uses. Permitted activities include light manufacturing, assembly operations, warehousing, and select commercial enterprises, making this a flexible and promising investment opportunity.
Wauregan offers a compelling setting for investment. Positioned near Interstate 395, the area provides convenient regional access to central Connecticut, Rhode Island, and Massachusetts, placing it within easy reach of several key economic hubs while benefiting from lower overhead and property costs. Wauregan boasts a strong local labor pool, with over 20,000 employees residing within a 10-mile radius. The surrounding community is largely composed of owner-occupied households within 5 miles, reflecting a stable and invested population base. Nearby, a variety of local restaurants and retailers offer amenities that enhance the area’s livability and appeal for both residents and future businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
AUCTION PROPERTY CONSISTS OF THE MILL PROPERTY AT 51 S. WALNUT ST. AND THE TWO PARKING LOTS ACROSS THE STREET THAT ARE .85 ACRES AND 1.03 ACRES. AN ADDITIONAL 50+ ACRES ON THE OTHER SIDE OF ROUTE 205 IS NOT INCLUDED IN THE SALE AND CAN BE AVAILABLE AT A SEPERATE PRICE OUTSIDE OF AUCTION.
The well-equipped facility has features supporting various operations, including a Cleveland tube heating system, public utilities, and parking accommodations for up to 200 vehicles. Interior spaces offer an average ceiling height of 12 feet, and vertical transport is facilitated by both a Harris Preble 5,000-pound freight elevator and a 4,000-pound capacity cable lift elevator. The building boasts a classic double-pitched roof, updated with new asphalt shingles in 2005, and provides five functional loading docks for easy logistics.
Environmental compliance is already addressed, with all required Connecticut State Environmental Transfer Act documentation completed. The property falls under I-1 Industrial zoning, offering future owners various potential uses. Permitted activities include light manufacturing, assembly operations, warehousing, and select commercial enterprises, making this a flexible and promising investment opportunity.
Wauregan offers a compelling setting for investment. Positioned near Interstate 395, the area provides convenient regional access to central Connecticut, Rhode Island, and Massachusetts, placing it within easy reach of several key economic hubs while benefiting from lower overhead and property costs. Wauregan boasts a strong local labor pool, with over 20,000 employees residing within a 10-mile radius. The surrounding community is largely composed of owner-occupied households within 5 miles, reflecting a stable and invested population base. Nearby, a variety of local restaurants and retailers offer amenities that enhance the area’s livability and appeal for both residents and future businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
AUCTION PROPERTY CONSISTS OF THE MILL PROPERTY AT 51 S. WALNUT ST. AND THE TWO PARKING LOTS ACROSS THE STREET THAT ARE .85 ACRES AND 1.03 ACRES. AN ADDITIONAL 50+ ACRES ON THE OTHER SIDE OF ROUTE 205 IS NOT INCLUDED IN THE SALE AND CAN BE AVAILABLE AT A SEPERATE PRICE OUTSIDE OF AUCTION.
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Property Facts
| Sale Type | Investment | No. Stories | 5 |
| Sale Condition | Auction Sale | Year Built | 1853 |
| Type of Ownership | Fee Simple | Clear Ceiling Height | 12’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 4 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Parcel Number | PLAI-000001W-W000000M-000001 |
| Lot Size | 75.00 AC | ||
| Zoning | I-1 Industrial District | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 75.00 AC |
| No. Stories | 5 |
| Year Built | 1853 |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 Industrial District |
| Parcel Number | PLAI-000001W-W000000M-000001 |
Amenities
- 24 Hour Access
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
- Heating - Oil (Fired)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Space can be built for office or used as industrial.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 10,000-400,000 SF | Flex | Shell Space | Now |
1st Floor
| Size |
| 10,000-400,000 SF |
| Space Use |
| Flex |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 10,000-400,000 SF |
| Space Use | Flex |
| Build-Out | Shell Space |
| Available | Now |
Space can be built for office or used as industrial.
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Boston
694,583
76
1 h 39 m
New York
8,398,748
158
3 h 32 m
Philadelphia
1,584,138
245
5 h 7 m
Baltimore
602,495
344
7 h 2 m
Washington
702,455
378
7 h 49 m
Virginia Beach
450,189
502
10 h 44 m
Access and Labor Force
10 Miles
Total Population
64,324
Total Labor Force
35,621
Unemployment Rate
3.48%
Median Household Income
$88,209
Warehouse Employees
7,639
High School Education Or Higher
90.30%
Sale Advisor
Sale Advisor
Michael Guidicelli, CCIM, SIOR, Broker & Owner
Michael stands at the forefront of the investment real estate market as the esteemed Owner and Power Broker of Regions Commercial, LLC. His firm is renowned for its specialization in the sale of intricate investment properties and providing unparalleled tenant representation services. Michael's expertise is backed by his prestigious designation as a CCIM (Certified Commercial Investment Member), a testament to his deep-rooted knowledge and practical experience in commercial and investment real estate.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X, Inc. Samantha Corbat RE Brkr REB.0790949
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Michael Guidicelli, CCIM, SIOR -
Regions Commercial LLC
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Near Amazon Facility, Ideal Res Conversion | 51 S Walnut St
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Near Amazon Facility, Ideal Res Conversion | 51 S Walnut St
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