850 Hartford Turnpike

Waterford, Connecticut

Building

Stats

Property Type Retail - Regional Mall
Building size (SF) 155,906
Size (Ac) 10.63
Zoning C-R Regional Commercial District

Overview

Avison Young is pleased to present the prime opportunity to acquire a vacant former Sears box at 850 Hartford Turnpike (I-85) in Waterford, CT (“The Property”). The Property consists of a 155,906± square foot structure located on 10.63± acres that is a separately owned parcel attached to the 800,000 square foot Crystal Mall. The Property and Crystal Mall have been identified by the Town of Waterford as a redevelopment opportunity with attractive scale and accessibility to the region’s major thoroughfares of I-395 and I-95. The existing structure could be easily re-tenanted for another retail use or the entire site could be fully reimagined to include a mix of apartments, senior living, hotel, entertainment, and structured parking. The asset offers an unprecedented opportunity to be a part of a large-scale redevelopment and “place-making” in a business-friendly municipality that will complement the growing community.

Highlights

Redevelopment Potential: 10.628 acre lot in ripe location for multiple uses – including multifamily and medical office (subject to rezoning and/or permit Approval)

Existing Retail Building: Existing 155,906 SF building previously occupied by Sears

Conversion Opportunity: Ideal for newly revamped retail, restaurants, grocery stores

Location & Accessibility: Situated on Hartford Turnpike near the junction of Interstate I-95 and I-395

Billion-dollar company in town, Dominion Energy, contributes to $35 million tax roll

Waterford was rated 2022 CT Magazine Top 15 Real Estate “Hot Spot”: Realtor.com put Waterford in the Top 50 Hottest Real Estate Markets in the US