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Class A Office Space Available
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404 Thames St, Groton, CT 06340

Well-maintained Class A office space with river views for rent.

Space Size920 SF
Property Size17,142 SF
Days on Market626

Property Features for 404 Thames St

General Information

Standard status Active
Size 920 SF
Total Parking Spaces 50
Property subtype Office
Lease Type Gross

Building Details

Building Size 17,142 SF
Year Built 1985
Tenancy Multiple

Spaces For Lease

at 404 Thames St Contact us

Available Space 1

Size
920 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: US Properties Inc
Listed By: Connie Howard · License #CT
Source: Crexi
Added: Dec 4, 2024 Changed: Aug 14 Last Checked: Aug 21 at 1:40PM

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 Inc

Investment Insights

Based on property information with market context.

This property offers Class A office space in a well-maintained building with views of the Thames River. It is located less than a mile from I-95. The first floor provides 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, a break room, and storage rooms. The third floor offers 4,394 square feet, 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 it is handicap accessible. Onsite parking is available. Other tenants include Yale/New Haven Health and Command Technology. Many configurations are possible, and there is potential to subdivide the space. The location is excellent, with high ceilings and ample natural light.

Key Highlights

  • Class A office space with flexible configurations and potential to subdivide
  • Convenient location less than a mile from I‑95 with Thames River views
  • Ample on‑site parking and handicap accessibility with elevator and stairs

Property Analytics

Current Use

L & M Physician ... Physician Dr. Nimesh K. ... Physician Hyppolite Jenny MD Physician Command Technology Inc. (Bike/Boat/Book/etc) Store Brenda Applegate Pediatrician

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

283
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

$24.84 /SF/Yr
Avg Asking Price
$10–$63.91 /SF/Yr
Price Range
3,192 SF
Avg Space Size

This space is priced 28% below the average of $24.84 /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 - Well-maintained Class A office space with river views for rent.
Where is this office units located?
The property is located at 404 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 flexible configurations and potential to subdivide; Convenient location less than a mile from I‑95 with Thames River views; Ample on‑site parking and handicap accessibility with elevator and stairs
(860) 437-0101 Call to check price and availability
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