943 North Rd Groton, CT 06340
4,368 SF office building with long-term tenants and strong cashflow.
Lot size:
1.72 AcresProperty Features for 943 North Rd
General Information
- Lot size
- 1.72 Acres
Building Details
- Year built
- 1986
Source:
Elliman
Listing Agent: Jonathan Rodgers
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Groton Office Building For Sale
This 4,368 square-foot wood-framed office building is located on Route 117 in Groton, less than a mile from I95, Exit 88. The property features 19 off-street parking spaces and is fully leased with four tenants. The location is close to Electric Boat, Pfizer, and the Naval Sub Base. The zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014, including a new roof, HVAC, and electric system. Each office tenant has private bathrooms. The property offers excellent cash flow with long-term tenants and an exceptional cap rate of 8.86%. There is no deferred maintenance.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Groton
- County
- New London
- State
- Connecticut
- Longitude
- -72.026087
- Latitude
- 41.377297
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FAQs
What type of property is this?
Office building - 4,368 SF office building with long-term tenants and strong cashflow.
Where is this office building located?
The property is located at 943 North Rd Groton, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: - Exceptional 8.86% Cap Rate; - Fully Leased with Long-Term Tenants, Providing Excellent Cash Flow; - Recently Renovated (2014) with New Roof, HVAC, and Electric