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Tammy Crochiere

tammyj.crochiere@gmail.com +1(413) 338-8865

$ 575,000

Est. payment | -/mo

4 Baths

5,355 SqFt

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$ 575,000

Est. payment | -/mo

Save

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

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(413) 338-8865

tammyj.crochiere@gmail.com

90 Canal St, Boston, MA, 02114

296 Mitchell Street Groton, CT 06340

Tammy Crochiere

Key Details

Location

Interior

Exterior

Building

Nearby Locations

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296 Mitchell Street