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420 Long Hill Rd

3,972 SF 100% Leased Office Building Groton, CT 06340 $449,000 ($113/SF)

Investment Highlights

  • High Visibility
  • High Car Traffic Area

Executive Summary

GREAT LOCATION & HANDYMAN SPECIAL: Calling All Business Owners And Investors! If You’re Looking To Expand Your Business Or Invest In A Desirable & Convenient Groton Business District, Now Is Your Chance! This Property Features A Spacious 3,972 SF 2 Levels Building Set On .77 Acre With 195' Street Frontage On A High-Traffic Visibility Street. Zoned CN-Commercial, It Benefits From Approximately 20,000 Daily Car Counts, A 30-Car Parking Lot, Public Transportation, I-95 & Gold Star Hwy (Rt-184). Previously Utilized As Four Medical Office Units With Five Restrooms And Offers Fantastic Potential For Mixed-Use. Ideal For Premium Office Space, Medical Practices, Law Or CPA Firms, Real Estate Or Insurance Agencies, Corporate Offices, Restaurants, Or Retail Storefronts — All With High Visibility For Your Business Signage. This Property Will Have Your Business Noticed & Booming Along With Other High Rent Commercial Tenants. This Property Is Surrounded By Well-Known Businesses Such As Walmart, Walgreens, Starbucks, McDonald's, Wendy's, Burger King, Big Y, Dollar Tree, Self-Storage, Apartment Buildings, Planet Fitness, Attractions Like Mystic Seaport, Downtown Lined With Boutique Shopping, Walking Distance To Countless Options Of Eateries, Nightlife, Casinos, Walking Trails, Parks, Beaches, Boating, And More. Nearby Employers Include Pfizer, Electric Boat & Sub Base. The Area Is A Goldmine Experiencing Continuous Growth And Retail Development, Ensuring Your Investment Will Appreciate Over Time. While Renovations Are Needed, This Commercial Property Provides A Solid Foundation For Your Vision. Don’t Miss Out On This Rare Once In A Lifetime Opportunity — Bring Your Toolbox And Creativity To Transform This Gem Into A Thriving Business Location! Sold As-Is.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,972 SF
Building Class
C
Year Built
1900
Price
$449,000
Price Per SF
$113
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,974 SF
Slab To Slab
9’
Building FAR
0.08
Land Acres
1.17 AC
Zoning
OMF - commercial
Parking
30 Spaces (7.55 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GROT-001689-002091-002173
Land Assessment
$158,830
Improvements Assessment
$81,340
Total Assessment
$240,170
  • Listing ID: 33350325

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 420 Long Hill Rd, Groton, CT 06340

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