NOMADEReal Estate

$1,500,000

Active

45 Richards Grove Road

Waterford, Connecticut, 06375 · New London County

35,385

Sq Ft

1986

Built

MLS # 24152493

Price / Sq Ft

$42

Property Type

Commercial For Sale

Lot Size

4.9

Class

Property

About This Property

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 Details

45 Richards Grove Road, Waterford Connecticut 06375 — Commercial For Sale listed at $1,500,000.

At a Glance

--

Bedrooms

--

Bathrooms

35,385

Sq Ft

4.9

Lot Size

--

Garage

1986

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodNew London
Address45 Richards Grove Road
MLS Number24152493
Year Built1986
Square Footage35,385
Lot Size4.9
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value1428230
Mil Rate Total23.36
Property Tax33363
Tax YearJuly 2025-June 2026

Property Features

Cooling SystemCentral Air
Heat Fuel TypeOil
Heat TypeHot Air
Interior FeaturesEmployee Lounge,Fire Suppression System,Security System,Window Display
Roof InformationAsphalt Shingle,Flat

Location & Community

DirectionsPer GPS
LocationDowntown,Suburban
NeighborhoodQuaker Hill

All Photos (39)

Affordability Calculator

$1,500,000

Down Payment$300,000
Loan Amount$1,200,000
Principal & Interest$7,585/mo
Property Tax$1,500/mo
Insurance$100/mo
Est. Monthly$9,185/mo

Listing Agent

S

Steph Rush

RE/MAX Legends

Contact Steph Rush

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Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24152493
Last Updated2026-04-07