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Class A Office Space Available
For Lease
$18 SF/Yr

402 Thames St, Groton, CT 06340

Class A office space with river views, convenient location.

Space SizeContact for details
Property Size920 SF
Lot Size0.60 Acres
Days on Market151

Property Features for 402 Thames St

General Information

Standard status Active
Size 920 SF
Lot size 0.60 Acres
Property subtype Commercial

Building Details

Building Size 920 SF
Year Built 1985
Listing Agency: US Properties
Listed By: Susan Howard Cihocki · License #RES.0798067
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 6:23AM

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

Investment Insights

Based on property information with market context.

Class A office space is available in a well-maintained building with views of the Thames River. The property is located less than a mile from I-95. The first floor offers approximately 3,000 square feet, featuring a front area with a large conference room, two offices, and a bathroom with a shower. The back area includes a large office, break room, and storage rooms. The third floor provides 4,394 square feet, complete with a large conference room, three offices, a kitchenette, two bathrooms (one with a shower), a storage room, and an IT or storage room. The building is equipped with an elevator and stairs, and is handicap accessible. Onsite parking is available. Other tenants include Yale/New Haven Health and Command Technology. Many configurations are possible, with the potential to subdivide the space. The location is excellent, featuring high ceilings and ample natural light.

Key Highlights

  • Class A office space with Thames River views
  • Convenient location less than a mile from I‑95
  • Flexible space with potential to subdivide and many configurations available

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Electrical Service Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service Storage Facility

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

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

$26.83 /SF/Yr
Avg Asking Price
$16–$48.75 /SF/Yr
Price Range
3,138 SF
Avg Space Size

This space is priced 33% below the average of $26.83 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space with river views, convenient location.
Where is this office units located?
The property is located at 402 Thames St Groton, CT.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Class A office space with **Thames River views**; Convenient location less than a mile from I‑95; Flexible space with potential to subdivide and many configurations available
More about this property
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