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.
Vacant landProperty Type
5.24 acresLot Size
$725,191Price/Acres
Listed by Gregory Walwer• Academic Co-Realty Services
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
New London County
APN
2079388
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 29, 2025.
May 11, 2023 • Active
Stonington commercial building permit application for replacement of doors, windows, roofs and siding use the application titled - stonington/roof/windows/doors/all types of exterior siding.
Remodel
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Pawcatuck, CT • 06379
Average low and high temperatures (°F)
34
21
37
22
48
32
57
41
65
50
76
60
80
66
77
59
72
56
63
46
53
36
40
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 21 Pawcatuck Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $465,000 and $970,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $465K to $970K.