21 Pawcatuck Avenue
Stonington, CT 06379
5.24Acres(Lot)
The 5.24-acre property features the historic Clark Thread Mill building dating to 1899, just south of the first mill building converted in 2016 into 58 apartments known as The Threadmill. Current owners of the property have obtained approvals for another 58 units in the available building, with at least 58 more units indicated by the town as readily approvable on the vacant land. The property comes with State grant money of $4M to $6M to totally rehabilitate the building, State tax credits in the amount of $4.5M, and unlimited Federal tax credits of 20% of post-rehab construction costs, estimated to be another $6M. State tax credits can be available as cash upon completion of the project, while Federal tax credits can be purchased by tax credits investors for cash or rolled into a construc
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Water front: 1
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Lot Information
Lot Size Acres: 5.24 Lot Description: Waterfront
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Listing Price Information
Listing Price: $3800000
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Tax Information
Parcel Number: 2079388 Annual Tax: $8735
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Stonington -
Location Information
Direction: Interstate 95 to Exit 90 at Mystic, south on Route 27, east on Route 1 to Greenhaven Road, northeast on Mary Hall Road, north on River Road
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 16-20 Stonington Road, Stonington, CT, 06379 | $2,250,000 | -- | -- | -- | 7.23 Acres(Lot) |
Similar Land To 21 Pawcatuck Avenue
Nearby For Sale
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ByOwner last updated this listing 08/04/2026 @ 01:15
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