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35,385 sqft

$1,500,000

45 Richards Grove Road, Waterford CT, 06375

Price per sqft$42.39
Built in1986
Property size35,385 sqft
Property typeCommercial

Overview

Active

Listed Feb 6, 2026

Updated Aug 25

This 4.9-acre waterfront industrial and redevelopment property offers active rail access and excellent regional connectivity. The site includes direct rail service into the property and warehouse and features four industrial/commercial buildings totaling approximately 51,000 square feet. Improvements include gated entry, perimeter fencing, extensive asphalt paving, warehouse space, offices, and storefront components, allowing for immediate industrial or warehouse use. Located in a residential neighborhood with water views and water access, the property maintains strong access to Route 32, Route 12, I-395, and I-95, supporting logistics, distribution, and commuter access. Zoning allows warehouse and distribution, rail-served industrial operations, marine or boat storage and service, commercial use, or residential redevelopment. Current zoning supports up to 40 residential units, with potential for additional density subject to approvals. Demand is driven by proximity to Electric Boat, Pfizer, the U.S. Coast Guard Academy, Connecticut College, Mitchell College, and the New London Naval Base. The property is may be leased, repositioned, or redeveloped, offering multiple strategies on a rail-served waterfront asset.

Other Property Details

Taxes
$35,054
Tax Frequency
Annually
MLS provider logo

Listed by Steph Rush with RE/MAX Legends (860) 449-2699

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Data last updated on 8/25/2026 at 3:38 AM UTC.

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