140 Waterford Pkwy S

Waterford, CT 06385

Listing ID: 214818
$6,750,000
For Sale
  • Property Type Land : Mixed Use Land
  • Lot Size Acres 188.810
Description

A timely opportunity to create a development in the southeastern shore region of Connecticut which is currently experiencing a rapid growth of employees for Electric Boat. The former Waterford Airport property lot of 189 acres adjacent to I-95 is minutes from the EB facilities and an ideal site for a variety of uses currently allowed as well as additional uses that will be considered by the town of Waterford. The town is open to an integrated set of uses for development that is compatible and will consider proposals brought to the commissions. The airport property is in the IP-1 zone that has been, until recently, emphasizing development that is considered industrial-use oriented, however recent development of medical facilities and assisted living communities in the IP-1 zone are in close proximity to the subject property. Based on the well-documented need for residential multifamily and single family homes in the immediate area, this site could potentially be a mixed use development of multiple types of housing and complimentary amenities as preferred by the town. Additional uses are found in the attached IP-1 Zoning Regulations. Access to the property is directly from Waterford Parkway South which runs parallel to I-95. The land is flat on the site of the former airport which consisted in part of 46 acres of the 189 acreage. Water, gas and sewer available. An additional 4 lots/139 acres in the R-40 zone are also available.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population1,62635,92896,834
Population Median Age443939
Population by Age0-9 Yrs149 (9%)3352 (9%)9273 (9%)
10-19 Yrs174 (10%)5337 (14%)13093 (13%)
20-29 Yrs154 (9%)6354 (17%)18218 (18%)
30-39 Yrs258 (15%)4183 (11%)11180 (11%)
40-49 Yrs162 (9%)4201 (11%)10347 (10%)
50-59 Yrs296 (18%)4675 (13%)12651 (13%)
60-69 Yrs157 (9%)3848 (10%)10935 (11%)
70+ Yrs276 (16%)3977 (11%)11137 (11%)
Median HH Income$77,946$57,367$65,921
Total Household Income< 24K109 (14%)3436 (24%)7360 (19%)
25-49K118 (16%)2828 (20%)7335 (19%)
50-74K123 (16%)2114 (15%)6476 (16%)
75-99K132 (18%)1943 (13%)5282 (13%)
100-199K195 (26%)2877 (20%)9286 (24%)
200K+54 (7%)864 (6%)2520 (6%)
Highest Education LevelNo Diploma5925855223
Diploma or GED372720017803
Some College304478612745
Assoc. Degree10817535064
Bachelors Degree181377812103
Higher Degree171306810485
Total Housing Units75315,69043,407
--Owner-Occupied4957,79721,258
--Renter-Occupied2366,26617,003
Owner-Occupied Values< 100K10330879
100-199K25230076100
200-299K15524327929
300-399K6011793459
400-499K154741615
500K+33751274
Total Working Age Population1,38330,12181,304
In Work Force98320,16855,106
Not In Work Force4019,95326,198
Workforce Employed95517,46245,628
Workforce Unemployed251,2792,997
Civlian Workforce98018,74148,625
Military Workforce31,4276,481
Total Households73114,06338,261
Family Households4308,44822,625
Non-Family Households3005,61515,635
Married Couple2145,14315,228
Other Family2163,3057,397
Married w/Child661,9245,414
Single Male w/Child67497994
Single Female w/Child251,2562,899

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Connecticut3,405,565+53,574,097+13,604,603+13,633,994
New London County259,088+6274,055+2278,756+1280,847
New York18,976,457+219,378,102+420,146,131+220,604,030
Suffolk County1,419,369+51,493,35001,497,391-11,488,885

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Penny Parker Agent Photo

Penny Parker

Lyman Real Estate
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