3 Water Street #105, Groton, CT 06355

Building Details

Building Size 1,052 SF More

Year Built 2020 More

Listing Agency: Switz Real Estate Associates Show Phone

Listed By: Thomas Switz · License #REB.0757584 Show Phone

Source: Dancombsre

Added: Sep 15 Changed: Nov 7 Last Checked: Nov 7 at 12:28PM

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Investment Insights

Based on property information with market context.

This 1,052-square-foot commercial suite occupies the first floor of a mixed-use building completed in 2020. The space is offered for restaurant, office, or retail use and carries MDD zoning.

Parking includes one assigned space, with use of a neighboring public parking lot also available.

Key Highlights

• 1,052‑square‑foot first‑floor commercial suite
• MDD zoning
• Completed in 2020

Property Analytics

Current Use

A.T.Y. Confections Bar ... Bar & Pub

Suggested Use

Top Pick Law Firm Pharmacy Building Supply HVAC Service Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$5.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Explore this area Business Placement

Demographics for 06355, CT

12,835

Population

6,099

Households

2.1

Avg Household Size

52

Median Age

58%

College-Educated

98%

High-School Grad

14.2 sq mi

ZIP Area

904

Density / Sq Mi

$132,367

Median Household Income

$63,321

Median Earnings

$1,722

Median Rent

$416,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-level space in a mixed-use building is offered for restaurant, office, or retail occupancy.

Where is this mixed-use property located?

The property is located at 3 Water Street #105 Groton, CT.

What is the lease rate?

The lease rate is $38 SF/Yr.

What are key features of this property?

This property features: 1,052‑square‑foot first‑floor commercial suite; MDD zoning; Completed in 2020