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Mixed-Use Property with Office and Apartments

296 Mitchell Street Groton, CT 06340

New

296 Mitchell Street, Groton, CT, 06340

$575,000

For Sale

$575,000

COMMERCIAL - Groton, CT

Property Size5,355 SF

Lot Size0.42 Acres

Price / SF$107.38

AddedJul 15

Days on Market1

Last RefreshJul 15 at 3:06 pm

Property Features for 296 Mitchell Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: FC
Bathrooms: 4
Rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Parking: 11
Standard status: Active
Size: 5,355 SF
Lot size: 0.42 Acres

Taxes and HOA fees

Tax Year: 2027
Tax Annual Amount: 62318

Utilities

Sewer type: Public Sewer
Heating system: Hot Water(Heating), Zoned
Cooling system: Wall Unit(s), Central Air
Water source: Public

Building Details

Year built: 1947
Floors in Building: 3

Listing agent MJ Derisio

Listing office William Pitt Sotheby's Int'l 103 Halls Road, P.O. Box 489, Stamford, CT

Listing date Jul 15, 2026

MLS# 24189342

Investment Insights

Based on property information with market context.

This mixed-use property features a main building with 5,355 total square feet, where approximately 65% is finished space. The finished area includes a professional office suite and two residential apartments, each with private entrances: a one-bedroom apartment on the first floor and a three-bedroom apartment on the second floor. The remainder of the main building functions as an annex with two large storage or workshop spaces. At the rear of the property is a recently improved detached garage with an upper-story loft. The garage is leased separately.

The site sits on 0.42 acres in the Five Corners District of Groton City and offers ample parking. Public water and sewer service are available, and the property is in a favorable zoning area within this special district. Documented capital improvements include a new garage roof installed in the fall, along with energy-efficient mechanical upgrades such as a new boiler, hot water tanks, and a new oil tank. Nearby employers and institutions include Electric Boat (General Dynamics), Pfizer, Yale-affiliated medical systems, and local colleges.

Key Highlights

Mixed‑use property in Groton City’s Five Corners District on a 0.42‑acre lot
Main building offers 5,355 total SF with 65% finished space: professional office suite plus 2 residential apartments
Two apartments with private entrances: 1‑bedroom on the first floor and a 3‑bedroom unit on the second floor

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Southern Way Cafe Restaurant

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For sale
Mixed-use properties
CT
Groton
06340
296 Mitchell Street

What type of property is this?

Mixed-use property - Main building includes a professional office suite and two apartments with private entrances, plus leased detached garage and parking.

Where is this mixed-use property located?

The property is located at 296 Mitchell Street 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: Mixed‑use property in Groton City’s Five Corners District on a 0.42‑acre lot; Main building offers 5,355 total SF with 65% finished space: professional office suite plus 2 residential apartments; Two apartments with private entrances: 1‑bedroom on the first floor and a 3‑bedroom unit on the second floor

296 Mitchell Street Groton, CT 06340

COMMERCIAL - Groton, CT

Property Features for 296 Mitchell Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Mixed-Use Corner Lot Property

Triplex with Seasonal Thames Views

Two-Unit Duplex with Basements

Office and Training Facility

Sushi Restaurant and Residence

Downtown Mystic Commercial Building

Triplex Income Property

Functional Office Building Near Electric Boat

Classic Cape-Style Residence with Pool

Retail Strip Center For Sale

Historic Victorian Inn and Event Venue

Historic Mystic Four-Family Home

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