Northeast Private Client Group is pleased to exclusively present for sale The Marina Apartments Development, located at 21 Pawcatuck Avenue in Stonington, Connecticut. The Marina Apartments Development comprises two parcels: North and South. The North Parcel features a +/- 90,500 SF mill building, presenting a prime redevelopment prospect for 58 waterfront apartments. Notably, the adjacent section of the mill complex has been successfully transformed into The Treadmill Apartments, a 62-unit mixed-use building. The South Parcel offers 2.5 acres of undeveloped land, including a parking area and wooded section suitable for up to 58 ground-up units, providing a blank canvas for future development. Both parcels, situated along the Pawcatuck River on the Rhode Island border, can be acquired together or separately. 20% of the units must be rented to someone making 80% of the area median income. The remaining 80% of units will be market. Architectural building, structural plans, phase 1 environmental, asbestos, and a lead report are available upon request.