415 Thames StGroton, CT 06340

Property Details for 415 Thames St

Year built

2002

Lot size

2.09 AC

Property size (Sq ft)

34,700 SF

Zone code

WBR

Property type

Industrial properties

Property subtype

Other warehouses

APN

GROT M:168806391447

APU

GROTM168806391447

Description

This exceptional investment opportunity encompasses two adjacent Groton, CT properties totaling 47,437 square feet on a combined 2.09-acre waterfront parcel. The offering includes 359 Thames Street, a charming three-story mill-style building (12,737 sq ft) dating back to 1920, featuring a restaurant/storage layout, a raised deck overlooking the Thames River, and 236 feet of direct waterfront access. Parking accommodates approximately 22 vehicles. This property is zoned WBR (Waterfront Business Residence). Adjacent is 415 Thames Street, a substantial two-story commercial building (34,700 sq ft) formerly a lobster distribution center. This building boasts 5 loading docks, 1 drive-in door, and 640 feet of direct waterfront with a boat dock. The first floor offers 19,345 sq ft of storage and distribution space. The second floor includes 2,850 sq ft of office space with stunning water views and a 12,505 sq ft warehouse featuring 14-foot clear ceiling heights and elevator/forklift access to the dock doors below. The building benefits from a 220-volt, 3-phase, 2,000-amp electrical service and a roof replaced in 2018 with a 20-year warranty. Parking for approximately 77 cars is available. This property also includes 504 sq ft of freezer space, live-in-ground and above-ground tanks, and an automated seawater pumping system connected to the Thames River. Both properties are zoned WBR (Waterfront Business Residence), presenting a unique opportunity for a variety of commercial ventures. The previous lobster pound operation had a 10,000-pound capacity.

• Alternative Use

  Use

  Valuation

  Residential

  $6,566,597

  Hospitality

  $6,014,968

  Educational

  $5,004,382

  Medical

  $5,176,491

  Retail

  $7,784,595

Location Insight

City

Groton

County

New London

State

Connecticut

Latitude

41.3516

Longitude

-72.083

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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