Waterfront Redevelopment Property

Vacant Land for Sale
Catylist Listing ID: 30611049
Property Subtypes: Hospitality, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 12.30 Acres
Sale Price: $1,600,000
Unit Price: $130,081 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/28/2020

Overview / Comments

A 12.3 acre Waterfront property is available for
development, with 180+/- feet of frontage on the
Connecticut River with deep water access to Long Island
Sound. The former Oliphant estate, a 5000+/- square
foot stone and brick mansion, c. 1880, may be restored
to its former elegance as a private residence. In the RU-
40 zone, and by special permit, uses allowed are a
Planned Residential Cluster Development, Convalescent
Home, Nursing Home, Private School, Club, as well as
subdivision into 4 lots for single family homes.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 16-54
Zoning: RU-40
Zoning Description: Residential
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,173 28,431
Median Age: 50.8 49.29
Households: 4,012 12,045

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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