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22 Liberty Way, Niantic, CT 06357 For Sale

MD
CT RES.0807196
Marcus & Millichap - New Haven
Listed by Marcus & Millichap - New Haven
$375,000
17 days on market
Updated 17 days ago

Flexible-Use Development Site/Potential Residential, 1.11 Ac

Details
APN 09.0-28-1
Property Type Land
Sub Type Residential, Industrial
Acreage 1.110
Zoning Light Industrial
Investment Type Redevelopment

Niantic Development Opportunity | Industrial Zoning with Residential Potential

Marketing description

22 Liberty Way presents a rare opportunity to acquire a ±1.11-acre development parcel in one of Southeastern Connecticut’s most desirable coastal markets. While currently zoned Light Industrial, the property's location adjacent to existing condominium development and within a mixed-use corridor creates a compelling opportunity to explore residential or affordable housing redevelopment, subject to buyer due diligence and municipal approvals.

Utilities are available at the street, and prior engineering, drainage, and utility planning work is available. Existing conceptual studies have contemplated an 8-unit residential development, providing buyers with a framework for evaluating future redevelopment potential.

In addition to the residential angle, the property remains well-suited for contractor, flex industrial, or small-scale commercial development, allowing investors and developers to assess multiple paths to value.

Located just minutes from Route 156, I-95, downtown Niantic, and the Connecticut shoreline, 22 Liberty Way offers a combination of flexibility, visibility, and development optionality that is increasingly difficult to find in today's market.

Investment highlights

  • Conceptual plans explore ±8-unit residential development (no approvals in place)
  • Adjacent to existing multifamily / condominium development
  • ±1.11-acre (48,467 SF) development parcel
  • Zoned Light Industrial (LI)
  • Prior engineering, drainage, and utility plans completed
  • Utilities available at street
  • Flexible-use opportunity for residential, industrial, contractor, or flex development
  • ±152' frontage on Liberty Way
  • Abutting 35.71± acres of state-owned land

Listing Contacts

MD
CT RES.0807196
Marcus & Millichap - New Haven
Listed by Marcus & Millichap - New Haven

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Additional Information

Name
John Krueger
License
REB.0752012
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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