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    985 Poquonnock Rd Groton, CT 06340

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    For Lease
    Contact for pricing

    Retail space available in Groton shopping center with improvements.

    Property size:
    1,757 SF
    Lot size:
    0.98 Acres

    Property Features for 985 Poquonnock Rd

    General Information

    Size
    1,757 SF
    Lot size
    0.98 Acres

    Source: Atlantic Retail - Corporate Agent Ben Starr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Anchored by Big Y

    This retail property, anchored by a high-performing Big Y supermarket and a 24-hour freestanding CVS Pharmacy, offers a total gross leasable area (GLA) of 171,858 square feet. The property currently houses 17 tenants. New ownership plans to invest in a significant capital improvement plan in 2025, which includes facade improvements, parking lot resurfacing, and signage upgrades. The location benefits from the high volume of shoppers attracted by the anchor tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Great Clips Hair Salon GameStop Electronics Store CBD American Shaman ... Health And Beauty Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM, Groton Shopping Center, Groton Shoppers Mart, Groton Shopping Plaza, Lighthouse Square Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.048678
    Latitude
    41.346016

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Groton shopping center with improvements.
    Where is this shopping center located?
    The property is located at 985 Poquonnock Rd Groton, CT.
    What are key features of this property?
    This property features: - Anchored by top-performing Big Y and 24-hour freestanding CVS Pharmacy, attracting a high volume of shoppers.; - New ownership investing in a large capital improvement plan in 2025.; - 17 Tenants providing diversified income streams.
    (617) 721-6065
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    985 Poquonnock 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
    985 Poquonnock Rd Groton, CT 06340
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