Mixed-Use Corner Lot
For Sale
$360,000
48 Fort Hill Rd, Groton, CT 06340
Corner lot with two buildings in mixed-use village center.
Property Size4,282 SF
Lot Size0.63 Acres
Price / SF$134.13
Days on Market131
Property Features for 48 Fort Hill Rd
General Information
Standard status
Active
Size
4,282 SF
Lot size
0.63 Acres
Property subtype
Commercial
Building Details
Building Size
4,282 SF
Year Built
1946
Listing Agency:
Compass Connecticut, LLC
(860) 908-4705
Listed By:
Heather W. Gianacoplos · License #RES.0800582
(860) 908-4705
Source:
Elliman
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 8 at 5:48AM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
This property presents a mixed-use opportunity on a 0.628-acre corner lot located at a traffic light on Route 1. The site benefits from existing driveways accessible from both Route 1 and North Road, with road frontage measuring 211 feet on Route 1 and 125 feet on North Road. The location experiences an average daily traffic count of 13,500 vehicles. Zoned MVC (Mixed-use Village Center), the property allows for various uses including retail, small-scale businesses, personal services, offices, pet grooming, clubs, churches, and medical or health offices and clinics, and restaurants. Conditional uses include child care centers, adult day care facilities, veterinary services, and nurseries and greenhouses. The property includes two buildings: a 2,684 square foot, two-story house at #48, which requires renovation and has oil heat, and a recently renovated 1,598 square foot, one-story commercial building at #50 with electric heat. The property is situated across the street from the Town Hall and Groton Community Center, and is close to the Groton Senior Center, Public Library, Big Y, and True Value Hardware, as well as other retail and fast food establishments. The bike score is 42, indicating it is somewhat bikeable, and the walk score is 23, indicating car-dependent accessibility.
Key Highlights
- High‑visibility corner lot on Route 1 with high traffic count (13,500 average daily).
- Zoned MVC - Mixed‑use Village Center, offering a wide range of permitted uses.
- Includes a 2,684 sf house and a 1,598 sf renovated commercial building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
239
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner lot with two buildings in mixed-use village center.
Where is this mixed-use property located?
The property is located at 48 Fort Hill Rd Groton, CT.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: High‑visibility corner lot on Route 1 with high traffic count (13,500 average daily).; Zoned MVC - Mixed‑use Village Center, offering a wide range of permitted uses.; Includes a 2,684 sf house and a 1,598 sf renovated commercial building.
