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4-Unit Strip Mall
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344 Mitchell St, Groton, CT 06340

Retail property near Electric Boat and I-95 with one available unit and established commercial occupancy.

Property SizeContact for details
Days on Market144

Property Features for 344 Mitchell St

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: US Properties Inc
Listed By: Connie Howard · License #CT
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:53PM

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 US Properties Inc

Investment Insights

Based on property information with market context.

This four-unit strip mall includes three occupied spaces and one currently available unit. Existing tenants include Pizza Today, a barber, and a subcontractor, providing a mix of food service and service-oriented retail uses within the center.

The property is positioned in Groton’s Five Corners District, near Electric Boat and I-95. Additional income is generated through parking-space rentals to nearby Enterprise Rental Car and Electric Boat employees. The site offers an established operating base alongside an available unit and parking-related revenue.

Key Highlights

  • Four‑unit strip mall with one available space
  • Existing tenants include Pizza Today, a barber, and a subcontractor
  • Located in Groton’s Five Corners District

Property Analytics

Current Use

Pizza Today Restaurant Pizzarama To-Go Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Real Estate Agency Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

245
Businesses Nearby
25k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 73% Dining 27%
Cumberland Farms Shops & Services
13,498 visits/mo 0.1 miles
Dunkin' Donuts Dining
4,406 visits/mo 0.1 miles
Citgo Shops & Services
3,822 visits/mo 0.1 miles
SUBWAY Dining
1,678 visits/mo 0.1 miles
Enterprise Rent-A-Car Shops & Services
1,224 visits/mo 0.0 miles

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 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?
Strip mall - Retail property near Electric Boat and I-95 with one available unit and established commercial occupancy.
Where is this strip mall located?
The property is located at 344 Mitchell St Groton, CT.
What are key features of this property?
This property features: Four‑unit strip mall with one available space; Existing tenants include Pizza Today, a barber, and a subcontractor; Located in Groton’s Five Corners District
(860) 437-0101 Call to check price and availability
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