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21 Pawcatuck Avenue, Stonington, CT 06379

Lots and Land For Sale · Residential Land

21 Pawcatuck Avenue, Stonington, CT
Active
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$3,800,000
Est. Payment: $22,468/mo  Get Pre-Approved
5.24
Acres

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.

Listed by Gregory Walwer (203) 623-4600 with Academic Co-Realty Services (203) 458-0550

Listing Snapshot

Price $3,800,000 Days on Our Site 102 days
Property Tax $9,183/yr Style —
Year Built — Total Sq Ft —
Lot Size 5.24 acres HOA Fees N/A
Bedrooms — Full Bathrooms —
Total Rooms — Half Baths —

Key Features

Outdoor
  • Waterfront

Systems & Utilities

Water Public Water In Street
Sewer Public Sewer In Street

Schools

Elem Per Board of Ed
High Stonington

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $765/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jul 29, 2026 Listed $3,800,000

Frequently Asked Questions

How much does 21 Pawcatuck Avenue in Stonington, CT cost?
This property is listed at $3,800,000.
Is 21 Pawcatuck Avenue, Stonington, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 21 Pawcatuck Avenue, Stonington in?
This home is served by the Stonington public school system, with Per Board of Ed as the elementary school and Stonington as the high school.
How do I schedule a tour of 21 Pawcatuck Avenue, Stonington, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Gregory Walwer · (203) 623-4600

Academic Co-Realty Services · (203) 458-0550

MLS# 24195924 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Oct 28, 2026 12:50 PM UTC

Est. $22,468/mo
$3,800,000
21 Pawcatuck Avenue, Stonington, CT 06379