21 Pawcatuck Avenue, Pawcatuck, CT 06379

Pawcatuck
Local realty services provided by:Better Homes and Gardens Real Estate Executive Real Estate
21 Pawcatuck Avenue,Stonington, CT 06379
$3,800,000
  • 5.24 Acres
  • Lots / Land
  • Active
Listed by: gregory walwer(203) 623-4600
Office: academic co-realty services(203) 458-0550
MLS#:24195924
Source:CT

Price summary

  • Price:$3,800,000

About this home

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 construction bridge loan.

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Home facts

  • Listing ID #:24195924
  • Added:69 day(s) ago
  • Updated:October 09, 2026 at 12:19 PM

Structure and exterior

  • Lot area:5.24 Acres
  • Lot Features:Water View

Schools

  • High school:Stonington
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water In Street
  • Sewer:Public Sewer In Street

Finances and disclosures

  • Price:$3,800,000
  • Tax amount:$9,183 (July 2026-June 2027)
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