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    535 Long Hill Rd Groton, CT 06340

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    For Sale
    $799,000

    Two independent storefronts with utilities and parking on main road.

    Lot size:
    0.74 Acres

    Property Features for 535 Long Hill Rd

    General Information

    Lot size
    0.74 Acres

    Building Details

    Year built
    1962

    Source: RE/MAX Legends Agent Marilyn Lusher

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

    Overview

    Two Storefronts on Commercial Corridor

    This property features two independent storefronts, each equipped with individual utilities and new furnaces. The current tenant occupies the entire building on a month-to-month triple net lease, covering rent, taxes, insurance, maintenance, and utilities. An asphalt-paved parking lot is included, along with a full basement offering over 3,000 square feet of storage space with at-grade access along the rear of the building. The property benefits from high visibility on a main commercial corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Yankee Peddler & Pawn Pawn Shop

    Suggested Use

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

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

    Similar Places Nearby

    Big Y Floral

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.060939
    Latitude
    41.353552

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    FAQs

    What type of property is this?
    Storefront property - Two independent storefronts with utilities and parking on main road.
    Where is this storefront property located?
    The property is located at 535 Long Hill Rd Groton, CT.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Two independent storefronts offer flexible usage or rental opportunities.; - Tenant on a triple net lease simplifies ownership responsibilities.; - High visibility location on a main commercial corridor.
    (860) 460-9559
    Request Owner's contact information
    535 Long Hill 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
    535 Long Hill Rd Groton, CT 06340
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