Mixed-Use Property with
For Sale
$575,000
296 Mitchell St, Groton, CT 06340
Office, residential, storage, and workshop spaces share a flexible commercial property.
Property Size5,355 SF
Lot Size0.42 Acres
Price / SF$107.38
Days on Market37
Property Features for 296 Mitchell St
General Information
Standard status
Active
Size
5,355 SF
Lot size
0.42 Acres
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1947
Buildings
2
Building Size
5,355 SF
Listing Agency:
William Pitt Sotheby's Int'l
(860) 304-8020
Listed By:
MJ Derisio
Source:
Homesbyshoshana
Added: Jul 23
Changed: Aug 27
Last Checked: Aug 28 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
This 0.42-acre mixed-use property includes a 5,355-square-foot main building with approximately 3,480 square feet of finished space. The finished area contains a professional office suite and two apartments with separate entrances: a first-floor one-bedroom unit and a second-floor three-bedroom unit. The balance of the building provides two sizable storage or workshop areas.
A detached garage adds an upper-level loft and received a new roof in the fall. Recent mechanical improvements include a boiler, hot water tanks, and an oil tank. The garage is leased separately, while ample on-site parking supports the existing office and residential components. Public water and sewer serve the property. Located in Groton City’s Five Corners District, the asset is near Electric Boat, Pfizer, Yale-affiliated medical systems, and local colleges.
A detached garage adds an upper-level loft and received a new roof in the fall. Recent mechanical improvements include a boiler, hot water tanks, and an oil tank. The garage is leased separately, while ample on-site parking supports the existing office and residential components. Public water and sewer serve the property. Located in Groton City’s Five Corners District, the asset is near Electric Boat, Pfizer, Yale-affiliated medical systems, and local colleges.
Key Highlights
- 5,355‑square‑foot main building on 0.42 acres
- Approximately 3,480 square feet of finished space
- Professional office suite plus 1‑bedroom and 3‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 06340, CT
29,788
Population
14,441
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
22.5 sq mi
ZIP Area
1,324
Density / Sq Mi
$77,768
Median Household Income
$45,308
Median Earnings
$1,492
Median Rent
$275,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, residential, storage, and workshop spaces share a flexible commercial property.
Where is this mixed-use property located?
The property is located at 296 Mitchell St Groton, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5,355‑square‑foot main building on 0.42 acres; Approximately 3,480 square feet of finished space; Professional office suite plus 1‑bedroom and 3‑bedroom apartments
