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$ 575,000
Est. payment | /mo
4 Baths
5,355 SqFt
$ 575,000
Est. payment | /mo
4 Baths
5,355 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,355 sqft
Price per Sqft $107
MLS Listing ID 24189342
Full Baths 3
Half Baths 1
Year Built 1947
Annual Tax Amount $62,318
Lot Size 0.420 Acres
Property Description
Unlock significant investment potential in highly desirable Five Corners District of Groton City. This versatile .42-acre mixed-use property presents an exceptional opportunity for investors seeking to capitalize on regional growth. The main building offers 5,355 total sq ft: ~3,480 sq ft is finished space that houses a professional office suite and two residential apartments, each with private entrances. There is a 1-bedroom apartment on the first floor, and a 2nd floor 3-beroom. The rest of the main building is an annex with two large storage or workshop spaces. In the rear, is a recently improved detached garage with an upper-story loft. Capital improvements include a new garage roof installed in the fall; energy-efficient mechanical upgrades - a new boiler, hot water tanks, and a new oil tank. The garage is leased separately. Ample parking is available, providing the flexibility to augment current and future business or residential needs. The property is serviced by public water and sewer and benefits from favorable zoning within this special district. This location is uniquely positioned to serve the surging demand for housing and parking created by regional job growth at Electric Boat (General Dynamics). Pfizer, Yale-affiliated medical systems, and local colleges are also nearby. This offering combines historical value with immense untapped ROI potential. Bring your vision to this rare, well-located asset.
Location
State CT
County New London
Zoning FC
Interior
Heating Hot Water, Zoned
Cooling Central Air, Split System, Wall Unit
Exterior
Parking Features Paved, Off Street Parking, Driveway
Utilities Available Electric, Electric Available, Cable, Underground Required
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 3
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by MJ Derisio • William Pitt Sotheby's Int'l
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