Marina Apartments Development

For Sale

21 Pawcatuck Avenue, Stonington, CT 06379

This Stonington property for sale is located at 21 Pawcatuck Avenue. Contact the listing broker for details on the current sale price for Marina Apartments Development. Marina Apartments Development is situated on a lot that is 5.24 acre in size.

Contacts

broker
Brad Balletto

Northeast Private Client Group

Property Details

  • Property Type VacantLand
  • Property Size 90,520 SF
  • Lot Size 5.24 Acre
  • Date Updated Mar 5, 2025
Stonington, Connecticut, is a picturesque coastal town steeped in maritime history and New England charm. Located on a narrow peninsula jutting into Long Island Sound, the town boasts stunning waterfront views, historic 18th- and 19th-century homes, and a vibrant arts and culture scene. Stonington Borough, the heart of the town, features cobblestone streets lined with boutiques, galleries, and restaurants, making it a popular destination for visitors. Known for its rich seafaring legacy, Stonington is home to a historic lighthouse museum and a thriving fishing fleet. With its blend of natural beauty, heritage, and community spirit, Stonington offers a quintessential New England experience, attracting residents and tourists alike.Northeast Private Client Group is pleased to exclusively present for sale The Marina Apartments Development, located at 21 Pawcatuck Avenue in Stonington, Connecticut. The Marina Apartments Development comprises two parcels: North and South. The North Parcel features a +/- 90,500 SF mill building, presenting a prime redevelopment prospect for 58 waterfront apartments. Notably, the adjacent section of the mill complex has been successfully transformed into The Treadmill Apartments, a 62-unit mixed-use building. The South Parcel offers 2.5 acres of undeveloped land, including a parking area and wooded section suitable for up to 58 ground-up units, providing a blank canvas for future development. Both parcels, situated along the Pawcatuck River on the Rhode Island border, can be acquired together or separately. 20% of the units must be rented to someone making 80% of the area median income. The remaining 80% of units will be market. Architectural building, structural plans, phase 1 environmental, asbestos, and a lead report are available upon request.
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Highlights

  • Desirable Location Along Pawcatuck River
  • Proximity to New London/Groton, Norwich, and Westerly, RI
  • Large Scale Residential Development Opportunity
  • Approved 51-Unit Apartment Conversion

Getting around

  • 5/100

    Walk Score ®

  • 28/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Stonington, CT
  • Neighborhood Pawcatuck
  • Zip Code 06379
  • Market Bridgeport New Haven

Points of Interest

  • Mobil

    1.13 miles

  • Shell

    3.05 miles

  • Citgo

    5.72 miles

  • Valero

    8.24 miles

  • Donahue Park

    1.14 miles

  • Washington Trust parking garage

    1.17 miles

  • Connecticut Park and Ride

    2.30 miles

  • Barn Island WMA Trailhead Parking

    2.46 miles

  • Cart corral

    2.47 miles

  • Stonington Point Parking Lot

    4.11 miles

  • Americas Best Value Inn-Stonington/Mystic

    2.47 miles

  • Hilton Mystic

    5.92 miles

  • Quality Inn

    6.07 miles

  • Residence Inn Mystic Groton

    6.08 miles

  • Holiday Inn Express Mystic - Groton

    6.16 miles

  • Inn at Mystic

    6.21 miles

  • Hyatt Place Mystic

    6.23 miles

  • Hampton Inn & Suites

    6.25 miles

  • Mystic River Hotel & Suites

    6.26 miles

  • Howard Johnson by Wyndham Mystic

    6.32 miles

  • Mc Quades Marketplace

    1.04 miles

  • Stop & Shop

    3.12 miles

  • Stop & shop

    3.13 miles

  • Borough Hall

    3.85 miles

  • Big Y

    5.79 miles

  • McQuade's Marketplace

    6.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brad Balletto

Northeast Private Client Group

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