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943 North Rd Groton, CT 06340

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For Sale
$595,000

4,368 SF office building with long-term tenants and strong cashflow.

Lot size:
1.72 Acres

Property Features for 943 North Rd

General Information

Lot size
1.72 Acres

Building Details

Year built
1986

Source: Rodgers Realty Group, LLC 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.
Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Groton
County
New London
State
Connecticut
Longitude
-72.026087
Latitude
41.377297

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
More about this property
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