16-20 stonington road

This property is one of the largest available parcels of land in the Mystic area at 7.23 acres in the C60 zone and with approximately 5.5 buildable acres! There is a large, former retail space on the property which is past its useful life. The current owner has gone through Phase 2 of clean up with only Phase 3 still needed in the $200-300K range. Land is on a level lot with approvals to fill in some areas. This property is located on the Stonington Road which is a highly traveled state road leading from Westerly through Stonington and into the highly desirable Mystic area. Potential conceptual plans are available. Property can become a strip center, an apartment or condo project, a retail area or an office building. The possibilities are many.