Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Strip Center For Sale Title is generated by Realmo AI

    785 Long Hill Rd, Groton, CT 06340

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four-unit retail strip center in high-traffic area.

    Type:Mixed Use, Retail
    Property size:
    9,780 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $143/SF
    Added:
    Jan 27, 2026
    Days on Market:
    112
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 785 Long Hill Rd

    General Information

    Standard status
    Active
    Size
    9,780 SF
    Lot size
    0.53 Acres
    Property subtype
    Mixed Use, Retail

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    James Gillanders
    James Gillanders

    Listing agent James Gillanders License #CT 0805707

    Listing office Londregan Commercial Real Estate Group

    Listing date Jan 27, 2026

    Source Crexi

    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 Londregan Commercial Real Estate Group

    HighLights

    • High‑traffic location in Groton's Mixed‑Use Town Center (MTC) zone.
    • Owner‑occupant opportunity with immediate income potential from existing tenants.
    • True triple‑net investment with tenants reimbursing for expenses.
    • Strong visibility and prominent pylon signage.
    • Ample on‑site parking with rear loading access.
    • Located near national and regional retailers.

    Overview

    This well-maintained four-unit retail strip center is located in Groton’s high-traffic Mixed-Use Town Center zone. Situated along one of the area’s most active commercial corridors, the property benefits from traffic counts between 16,000 and 20,000 vehicles per day and immediate proximity to various national and regional retailers. The 0.53-acre parcel features strong visibility, two curb cuts, prominent pylon signage, and ample on-site parking, including rear loading access. The property is currently operated as a true triple-net investment, with tenants reimbursing taxes, insurance, snow removal, trash, common area lighting, and other operating expenses. The current owner will vacate upon sale, creating an opportunity for an owner-occupant to control their real estate while benefiting from in-place income from the remaining tenants. The property is suitable for mixed-use and other commercial real estate purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ron's Guitars (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.05243
    Latitude
    41.347336

    Nearby Similar for Sale

    • $360,000
      4,282 SF

      Mixed-Use Corner Lot Opportunity

      Two buildings on a corner lot in a mixed-use zone.
      48 Fort Hill Road, Groton, CT 06340
      View Details
    • $399,000
      1,924 SF

      Groton Multifamily Investment Opportunity

      Multifamily property in Groton, CT, offering financial and residential opportunities.
      2 York Court, Groton, CT 06340
      View Details
    • $699,000
      1,995 SF

      Versatile Property Near Downtown Mystic

      Income-producing property near waterfront, shops, restaurants, and Mystic Seaport.
      12 Bank Street, Groton, CT 06355
      View Details
    • $360,000
      2,684 SF

      Mixed-Use Corner Lot Opportunity

      Corner lot with two buildings in mixed-use village center.
      48 Fort Hill Rd, Groton, CT 06340
      View Details
    • $379,900
      1,425 SF

      Groton Multifamily Investment Opportunity

      Multifamily home in Groton, CT, offering financial opportunity.
      158 Midway Oval, Groton, CT 06340
      View Details
    • $3,600,000
      13,000 SF

      Fully Occupied Groton Shopping Center

      Shopping center with zero vacancy and stable cash flow.
      1303 Gold Star Highway, Groton, CT 06340
      View Details
    • $1,200,000
      2,849 SF

      Mixed-Use Property with Restaurant Business

      Mixed-use property featuring a sushi restaurant and residential house.
      1043 Poquonnock Road, Groton, CT 06340
      View Details
    • $1,050,000
      10,510 SF

      Functional Office Building Near Electric Boat

      Strategically located office asset in Groton's dynamic employment corridor.
      514-520 Thames St, Groton, CT 06340
      View Details
    • $459,000
      5,379 SF

      Professional Office and Training Facility

      5,379 Sq. Ft. office space on 0.54 acres.
      1204 North Road, Groton, CT 06340
      View Details
    • $157,000
      1,568 SF

      Professional Office Condo For Sale

      Professional office condo with rental income, convenient location.
      495 Gold Star Hwy 212, Groton, CT 06340
      View Details
    • $2,259,000
      4,909 SF

      Downtown Mystic Commercial Building

      Prime commercial property in the heart of Downtown Mystic.
      48-50 West Main Street, Groton, CT 06355
      View Details
    • $2,259,000
      4,909 SF

      Downtown Mystic Commercial Building

      Two-story commercial building in a high-traffic downtown location.
      48 West Main Street, Groton, CT 06355
      View Details

    FAQs

    What type of property is this?
    Strip mall - Four-unit retail strip center in high-traffic area.
    Where is this strip mall located?
    The property is located at 785 Long Hill Rd Groton, CT.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: High‑traffic location in Groton's Mixed‑Use Town Center (MTC) zone.; Owner‑occupant opportunity with immediate income potential from existing tenants.; True triple‑net investment with tenants reimbursing for expenses.
    (860) 444-8811 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Gillanders
    James Gillanders
    Real Estate License ID: CT 0805707
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    785 Long Hill Rd, Groton, CT 06340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!