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    48+50 Ft Hl Rd Groton, CT 06340

    For Sale
    $360,000

    High-traffic corner lot, two buildings, many uses.

    Property size:
    4,282 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Groton, CT, presents a unique investment opportunity. Situated on a 0.63-acre corner lot at a major traffic light on Route 1, this property boasts high visibility with an average daily traffic count of 13,500 vehicles. The site offers significant road frontage: 211 feet on Route 1 and 125 feet on North Road, with existing driveways providing convenient access from both streets. The property comprises two buildings. Building #48 is a 2,684-square-foot, two-story house requiring renovations

    Property Features for 48+50 Ft Hl Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,282 SF
    Lot Size
    27,443 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.03751
    Latitude
    41.34669

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, two buildings, many uses.
    Where is this commercial real estate located?
    The property is located at 48+50 Ft Hl Rd Groton, CT.
    What is the asking price?
    The asking price for this property is $360,000.
    (860) 572-9099
    Request Owner's contact information
    48+50 Ft Hl Rd Groton, CT 06340
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48+50 Ft Hl Rd Groton, CT 06340
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