Corner Lot Retail and Office
For Lease
$360,000
48 Fort Hill Rd, Groton, CT 06340
Two-building corner site with dual access and mixed-use zoning, supporting retail, office, and select personal services.
Space SizeContact for details
Days on Market149
Property Features for 48 Fort Hill Rd
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$7,432
Listing Agency:
Compass Connecticut, LLC
(860) 908-4705
Listed By:
Heather W. Gianacoplos · License #RES.0800582
(860) 908-4705
Source:
Exprealty
Added: Mar 30
Changed: Aug 21
Last Checked: Aug 24 at 9:07AM
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 offering combines two structures on a corner lot with driveways from Route 1 and North Road. Building #48 is a 2,684 SF, two-story house that needs work and uses oil heat. Building #50 is a 1,598 SF, one-story commercial building that has been recently renovated and is heated with electricity.
The parcel has road frontage of 211 feet on Route 1 and 125 feet on North Road, and sits at a traffic-light intersection with an average daily traffic count of 13,500. Zoned MVC – Mixed-use Village Center, the property is located across the street from the Town Hall and the Groton Community Center, with additional nearby uses including the Groton Senior Center, public library, Big Y, and True Value Hardware.
The MVC zoning supports a range of commercial uses, including retail, small scale activities, personal services, office, pet grooming, clubs, churches, medical/health office/clinic, and restaurant. Certain uses are permitted with conditions, including child care center, adult day care, veterinary, nurseries/greenhouses. The combination of a renovated commercial building and a second, flexible structure makes the site workable for operators seeking both ready space and additional redevelopment options, subject to applicable approvals.
The parcel has road frontage of 211 feet on Route 1 and 125 feet on North Road, and sits at a traffic-light intersection with an average daily traffic count of 13,500. Zoned MVC – Mixed-use Village Center, the property is located across the street from the Town Hall and the Groton Community Center, with additional nearby uses including the Groton Senior Center, public library, Big Y, and True Value Hardware.
The MVC zoning supports a range of commercial uses, including retail, small scale activities, personal services, office, pet grooming, clubs, churches, medical/health office/clinic, and restaurant. Certain uses are permitted with conditions, including child care center, adult day care, veterinary, nurseries/greenhouses. The combination of a renovated commercial building and a second, flexible structure makes the site workable for operators seeking both ready space and additional redevelopment options, subject to applicable approvals.
Key Highlights
- 0.628‑acre corner lot at the traffic light on Route 1 with dual access from Route 1 and North Rd
- Road frontage: 211' on Route 1 and 125' on North Rd; 13,500 average daily traffic count
- Two buildings on‑site: #48 2,684 SF 2‑story house needing work (oil heat)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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?
Commercial land - Two-building corner site with dual access and mixed-use zoning, supporting retail, office, and select personal services.
Where is this commercial land located?
The property is located at 48 Fort Hill Rd Groton, CT.
What is the lease rate?
The lease rate is $360,000.
What are key features of this property?
This property features: 0.628‑acre corner lot at the traffic light on Route 1 with dual access from Route 1 and North Rd; Road frontage: 211' on Route 1 and 125' on North Rd; 13,500 average daily traffic count; Two buildings on‑site: #48 2,684 SF 2‑story house needing work (oil heat)
