207 Waterford Parkway North
Waterford, CT
Motel for Sale - $1,900,000 - 15,712 Sq. Ft.


Property Info
CIMLS# | 271063 |
Location 207 Waterford Parkway North Waterford CT 06385 | |
Updated | December 10th, 2011 |
Type | Motel |
Price | $1,900,000 |
Building | 15,712 Sq. Ft. |
Property Description
Tremendous I-95 Visibility
38 Guest Rooms on 3.11 Acres
Close Proximity to 2 Million SF of Retail Stores
Next to Sonalysts Movie Studios
Close to Mohegan Sun, Foxwoods, U.S. Naval
Base, Dominion Power, General Dynamics
& Pfizer ADDRESS: 207 Waterford Parkway North, Waterford, Connecticut
LOCATION: On Interstate 95, at Exit 81
PROXIMITY: Close to WalMart, Bob’s Stores, The Crystal Mall, Lowes, Home Depot
Nearby Demand Generators Include: Sonalysts Movie Studios (next door),
Dominion Nuclear Power Plant, U.S. Naval Base, Pfizer Pharmaceuticals World Research
Headquarters, General Dynamics, Mohegan Sun Casino, Foxwoods Casino, and others.
L&M Hospital to be built across the interstate from this property.
AVAILABILITY: 38 guest rooms on two floors. Owner/Manager apartment adjacent to front office.
Excess land available for potential motel expansion and/or restaurant development.
ACRES: 3.11 Acres
FRONTAGE: 355 feet. Waterford Parkway North is parallel to Interstate 95.
TRAFIC COUNT: Average Daily Traffic: I-95: 56,500
DESCRIPTION: Rodeway Inn. There has been a motel on this site for the past 48 years. Average guest
room size is 348 square feet. Gross building area is 15,712 square feet.
BUILDING AGE: Originally constructed in 1963. Second story added in 1973. Renovated in 2003-2008.
FEATURES ? Well maintained & upgraded ? Newly renovated
? New roof, windows and siding in 2003
? Air-conditioned ? Swimming pool ? Exercise room
? Refrigerator and microwave in each guest room ? Interstate 95 signage
? Manager’s apartment ? Efficiency cooking facility in several guest rooms
PARKING: Ample parking. 38,000 square feet of asphalt paving, with room to expand.
DEMOGRAPHICS: 1 Mile 3 Miles 5 Miles
Total Population: 5,036 45,303 85,570
Total Households: 2,155 17,770 33,386
Median Household Income: $62,714 $53,139 $55,658
UTILITIES: Municipal sewer and water;
propane gas; CL&P electric;
gas hot water. All units have
individual electric heat and
air conditioning.
ZONING: I-C Industrial Commercial.
Permitted uses include retail stores
and service establishments. Filling
stations, motels/hotels and
recreational facilities are allowed
with a special permit.
TAXES: $21,776
FOR SALE: $1,900,000