415 Thames St Groton, CT 06340

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.