541 Eastern Point RdGroton, CT 06340

Property Details for 541 Eastern Point Rd

Year built

1992

Lot size

3.22 AC

Property size (Sq ft)

26,800 SF

Zone code

I/T

Property type

Office buildings

APN

GROT M:168814438162

APU

GROTM168814438162

Description

This 480-square-foot office space is available for lease in Groton, Connecticut, at the "Ice Cube Building" on Eastern Point Road, zip code 06340. The property is a traditional office space within a multi-tenant building, ideal for a small business or professional practice. The office features central air conditioning and electric heat, ensuring year-round comfort. Enjoy stunning views of the Thames River from the tinted windows, providing both privacy and a pleasant work environment. The space comfortably accommodates 3-4 desks and includes a private bathroom, enhancing convenience and privacy. High-speed internet and WiFi are available upon request, catering to modern business needs. Convenient on-site parking is provided in a private lot. The monthly lease rate is $1,000 gross. The building's location offers close proximity to major employers such as Pfizer and Electric Boat, making it an attractive option for businesses seeking a strategic location in Groton, CT.

• CAP approach

  CAP return

  Valuation

  6%

  $4,430,840

  6.5%

  $4,090,007

  7%

  $3,797,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,501,688

  Geo Method

  $3,501,688

• Alternative Use

  Use

  Valuation

  Residential

  $5,071,608

  Hospitality

  $4,645,566

  Educational

  $3,865,056

  Medical

  $3,997,982

  Retail

  $6,012,310

Location Insight

City

Groton

County

New London

State

Connecticut

Latitude

41.3339

Longitude

-72.0769

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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