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468 Main StGroton, MA 01450

6 Acres, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 6-acre property in Groton, Massachusetts presents a unique investment opportunity. Strategically located on Main Street (Route 111), this land boasts over 526 feet of commercially zoned frontage, ensuring high visibility and accessibility. The site is ideally positioned opposite a thriving retail and office plaza, benefiting from significant daily traffic counts. The property comprises 4.5 acres zoned General Business (GB) and 1.5 acres zoned Residential (RA), offering diverse development potential. Public water and sewer are available. Allowed uses, either by right or special permit, include a wide range of commercial ventures such as retail, restaurants, auto repair, medical facilities, limited multi-family housing, and more (refer to the Groton Zoning By-law for complete details). The property includes an existing two-family dwelling and a restaurant slated for demolition. This prime location provides easy access to Route 495, making it an attractive site for businesses catering to commuters. The parcels involved are M:216, B99, M216 L98, and M216 L101, located at 468-478 Main Street, Groton, MA 01450. This is a perfect opportunity for owner-use, investment, or a potential 1031 exchange.

Highlights

  • Highly versatile 4.5-acre site zoned General Business (GB), allowing for a wide range of uses.
  • Allowed by right: single-family and two-family residential, retail up to 10,000 SF, light repair shops, and take-out restaurants up to 2500 SF (no drive-thru), plus office and medical/dental uses.
  • Special permit allows for larger-scale development including multi-family residential, retail exceeding 10,000 SF, larger take-out restaurants (no drive-thru), restaurants, healthcare clinics, veterinary facilities, kennels, funeral homes, hotels/B&Bs, theaters/cinemas, commercial recreation (over 2500 SF), auto parts retail and installation, auto repair/body shops, car washes, R&D facilities, and contractor yards.
  • An additional 1.5 acres are zoned Residential (RA).

Property Details for 468 Main St

Property type
Land
Lot Size (sq. ft)
261,360 SF

Location Insight

City
Groton
County
Middlesex
State
Massachusetts
Latitude
42.62055
Longitude
-71.584936
468 Main St, Groton, Massachusetts

FAQs

What type of property is this?
Land - 6 Acres, High Traffic Location
Where is the land located?
The property is located at 468 Main St Groton, MA.
What are key features of this property?
This property features: Highly versatile 4.5-acre site zoned General Business (GB), allowing for a wide range of uses.; Allowed by right: single-family and two-family residential, retail up to 10,000 SF, light repair shops, and take-out restaurants up to 2500 SF (no drive-thru), plus office and medical/dental uses.; Special permit allows for larger-scale development including multi-family residential, retail exceeding 10,000 SF, larger take-out restaurants (no drive-thru), restaurants, healthcare clinics, veterinary facilities, kennels, funeral homes, hotels/B&Bs, theaters/cinemas, commercial recreation (over 2500 SF), auto parts retail and installation, auto repair/body shops, car washes, R&D facilities, and contractor yards.
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468 Main St
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