45 Richards Grove Road, Waterford, CT 06375 (MLS # 24152493)

Price $1,500,000
Status Active
Size 35,385 sqft
Lot Size 4.90 ac
Days on Market 70
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.
Property Type(s): Commercial
Last Updated 2/6/2026 Year Built 1986
County New London

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Frame, Steel Siding
HEAT Forced Air, Oil
LOT 4.9 acre(s)
LOT DESCRIPTION Level
SEWER Public Sewer
TAXES 33363
WATER Public
ZONING WD

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Scott Bayne to contact you even if your name is on a Federal or State "Do not call List".
Listing courtesy of RE/MAX Legends
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.

This IDX solution is (c) Diverse Solutions 2026.

Email a Friend