Retail/Restaurant/Medical Space
For Lease
$2,250/Mo
392 Eastern Point Road, Groton, CT 06340
Retail, restaurant, or medical space for lease.
Space SizeContact for details
Lot Size0.37 Acres
Days on Market460
Property Features for 392 Eastern Point Road
General Information
Standard status
Active
Lot size
0.37 Acres
Property subtype
Commercial
Amenities
Central air
Asphalt Shingle Roof
Central Air Cooling
Hot Air Heating
Building Details
Year Built
1979
Listing Agency:
Samuel Lyman, Broker
(860) 876-0359
Listed By:
SAM LYMAN · License #REB.0793484
Source:
Corcoran
Added: May 28, 2025
Changed: Aug 27
Last Checked: Aug 29 at 9:08AM
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 Samuel Lyman, Broker
Investment Insights
Based on property information with market context.
This property offers retail, restaurant, and medical space for lease, with available units ranging from 1,500 to 3,000 square feet. Unit 1, at 1,500 square feet, is a retail vanilla box space equipped with a Modine heater, one bathroom, and 150 AMPs. Unit 2, also 1,500 square feet, is configured as a restaurant space, featuring an 11-foot hood with a fire suppression system, a walk-in cooler, plumbing stubbed out, a bar with a large countertop, and a window A/C unit, as well as two bathrooms. The property is located next to a busy gas station, a Chinese restaurant, and a liquor store, and is near Electric Boat/General Dynamics and Pfizer, which employs over 25,000 people.
Key Highlights
- High‑traffic location next to a busy gas station, Chinese restaurant, and liquor store.
- Proximity to major employers: Electric Boat/General Dynamics and Pfizer (25,000+ employees).
- Unit 2 is equipped as a restaurant space with an 11' hood, fire suppression system, walk‑in cooler, plumbing stubbed out, and a bar with a large countertop.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
156
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
Lease Benchmarks for Groton, CT
$16.06 /SF/Yr
Avg Asking Price
$9–$24 /SF/Yr
Price Range
1,722 SF
Avg Space Size
This space is priced 44% below the average of $16.06 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail, restaurant, or medical space for lease.
Where is this retail space located?
The property is located at 392 Eastern Point Road Groton, CT.
What is the lease rate?
The lease rate is $2,250/Mo.
What are key features of this property?
This property features: High‑traffic location next to a busy gas station, Chinese restaurant, and liquor store.; Proximity to major employers: Electric Boat/General Dynamics and Pfizer (25,000+ employees).; Unit 2 is equipped as a restaurant space with an 11' hood, fire suppression system, walk‑in cooler, plumbing stubbed out, and a bar with a large countertop.
