520 Thames StGroton, CT 06340

Property Details for 520 Thames St

Year built

1981

Lot size

0.34 AC

Property size (Sq ft)

10,510 SF

Zone code

GC

Property type

Office properties

Property subtype

Office buildings

APN

GROT M:168806480862

APU

GROTM168806480862

Description

This exceptional 10,510 square foot commercial property at 520 Thames Street in Groton, Connecticut presents a unique investment opportunity. The three-story brick building offers 9,575 square feet of office space, complemented by an additional 935 square feet of dry storage. Its steel-framed, clear-span construction allows for flexible floor plan adaptations to suit diverse business needs. A significant advantage is the availability of 35 off-street parking spaces, a considerable asset in this location, with additional parking options nearby. The building enjoys a highly desirable location directly across from General Dynamics Electric Boat Division, within one mile of Pfizer Pharmaceuticals, and conveniently situated within two miles of Interstate 95 and Route 1. This strategic positioning ensures excellent visibility and accessibility. The property is zoned General Commercial within the City of Groton. The 0.34-acre lot provides ample space. This property is offered for sale at $1,550,000, and seller financing is available to qualified buyers. Lease options are also available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,226,900

  6.5%

  $2,055,600

  7%

  $1,908,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,373,237

  Geo Method

  $1,373,237

• Alternative Use

  Use

  Valuation

  Residential

  $2,548,944

  Hospitality

  $2,334,819

  Educational

  $1,942,542

  Medical

  $2,009,349

  Retail

  $3,021,732

Location Insight

City

Groton

County

New London

State

Connecticut

Latitude

41.3496

Longitude

-72.0796

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].