Riverfront Development Site For Sale

Vacant Land for Sale
Catylist Listing ID: 30294521
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 0.21 Acres
Sale Price: $375,000
Unit Price: $1,785,714 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

Pawcatuck River front development site. Three story, 9,488sf building on 0.21 acre in downtown Pawcatuck. Zone is for built-up areas with public water/sewer/gas, providing a mixture of commercial/residential urban density opportunities. Zone DB-5. 60’ Road frontage with 25,600 Daily average traffic count. Walk to Westerly, RI. For Sale $375,000.

PERMITTED USES: Office, Retail, Restaurant, Personal Services, Financial Institutions, Residential 1-3 units per lot…

DIRECTIONS: I-95 Exit 91. Continue on Route 234 (aka Pequot Trail). At stop sign, turn left onto W Broad St (aka Route 1). On right just before crossing over bridge into Westerly, RI.

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Additional Details

Nearest MSA: Norwich-New London
County: New London
Zoning: DB-5
Property Located Between: In downtown Pawcatuck at Westerly, RI border
Property Visibility: Excellent
Largest Nearby Street: Route 2
Feet of Frontage: 60
Traffic/Vehicle Count: 25,600
Highway Access: I-95 3.1 miles
Airports: Westerly Airport 2.8 miles
Site Description: Level, direct waterfront on Pawcatuck River
Area Description: Downtown Pawcatuck, CT
Lot Frontage: 60
Zoning Description: DB-5 Development Area
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,826 28,030 42,564
Median Age: 40.63 43.13 44.43
Households: 4,573 11,943 17,952

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