21 Pawcatuck Ave | Image 1
New
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$3,800,000

For Sale

4 days ago

21 Pawcatuck Ave, Pawcatuck, CT

House

MLS® 24195924

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Residential Land
Levels Land
Size -
Garage 
Taxes $8,735
Days Active 5
Lot Size 5.24 Acres
Approx. Age 
MLS® Number 24195924

Property Address: 21 Pawcatuck Ave, Pawcatuck, CT, 06379-2421

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number24195924
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 31, 2026List Date
$3,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
21 Pawcatuck Ave, Pawcatuck, CT

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