The former Waterford Airport consisting of 189 acres in the IP-1 zone and 4 separate lots totaling 139 acres in the R-40 zone are offered as a master development opportunity to create a mixed used environment on the 328 acres. with 600 feet of frontage on I-95, the site is directly across from a major retail destination that includes Lowes, Walmart Supercenter, as well as other major national retailers. EB, General Dynamics, Pfizer and the Coast Guard and Navy facilities are just minutes away in New London and Groton. The 328 acres are suitable for commercial, industrial, recreational and residential uses, with the town of Waterford open to an integrated set of uses that are compatible with those allowed by right as well as those allowed by special permit. Property is accessed from Waterford Parkway South which runs parallel to I-95 of exit 81 Cross Road (north and south).
| Mls Number: | 170597487 |
|---|---|
| List Price: | $8,000,000 |
| Property Type: | Lot & Land |
| Property Sub Type: | Commercial Land |
| Property Tax: | $31,927 |
| Acres: | 328.0 |
| Direct Waterfront?: | Yes |
| City: | Waterford |
| County Or Parish: | New London |
| Postal Code: | 06385 |
| Basement Description: | No |
| Directions: | I-95 to Cross Rd. Exit 81, to Waterford Pkwy South. Property at end of Waterford Pkwy South. See signs. |
| Encumbrances Restrictions: | Inland-Wetland Restrictions |
| High School: | Per Board of Ed |
| Location: | Highway Access |
| Lot Improvements: | None |
| Original List Price: | $8,000,000 |
| Road Frontage Description: | 572 |
| Sewage System: | Public Sewer In Street |
| Tax Year: | July 2026-June 2027 |
| Waterfront Description: | Brook |
| Water Source: | Public Water In Street |
| Zoning: | IP-1 & R-40 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Status: | Under Contract Cont. to Show |
| Assessed Value: | $1,301,030 |
| Comp Only Manual Yn: | No |
| Current Price: | $8,000,000.00 |
| Date Cont To Show: | 2025-10-17T04:00:00 |
| Display Fair Market Value Yn: | No |
| Documents Available: | Demographic Data, Environmental Site Assess., Environment Site Assess. (Phase 1), Legal Description, Percolation Test, Topographical Survey, Other |
| Elementary School: | Per Board of Ed |
| Exclude From Inventory Stats: | No |
| Flood Zone Yn: | No |
| Home Owner's Assocation: | No |
| Listing Contract Date: | 2023-09-07 |
| Lot Description: | Rear Lot, Interior Lot, Some Wetlands, Lightly Wooded, Rolling, Sloping Lot |
| Lots Number Of: | 5 |
| Mil Rate Total: | $24.54 |
| Status: | Under Contract - Continue to Show |
| Nearby Amenities: | Medical Facilities, Public Rec Facilities, Public Transportation, Shopping/Mall |
| New Construction Type: | No/Resale |
| Parcel Number: | 1591334 |
| Possession Availability: | negotiable |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 575-1855 |
| Price: | $8,000,000 |
| Road Frontage Description: | Interstate Highway, State Road, Paved Road |
| Septic Approval Yn: | No |
| Septic Plan Available Yn: | No |
| Sign Yn: | Yes |
| Special Association Assessment: | No |
| Under Agreement Yn: | No |
| Utilities Available: | Electric Available, Gas Available, Phone Available, Cable Available |
| Virtual Tour Yn: | No |
Listing Courtesy of: Lyman Real Estate
Listing Agent: Penny Parker
(860) 575-1855
Mortgage Calculator
© 2026 Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed. MLS Disclaimer: Information deemed reliable but not guaranteed to be accurate.
Smart MLS Inc. data last updated on October 08, 2026 05:24 PM - ET
Property Last Updated: October 08, 2026 05:24 PM - ET
