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    721 Long Hill Rd Groton, CT 06340

    For Lease
    $17 SF/Yr

    Class A retail space, 7,177 sq ft available.

    Lot size:
    14,355 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A retail property, located at 721 Long Hill Rd in Groton, offers 14,355 total square feet across three suites. Currently, 7,177 square feet are available, divisible into spaces as small as 3,175 square feet, with a maximum contiguous space of 7,177 square feet. The building, constructed in 1978 and extensively renovated in 2022, sits on a 1.77-acre lot (77,164 square feet) and boasts 52 parking spaces for ample customer convenience. The property benefits from excellent visibility and accessibility, with direct frontage on Drozdyk Dr. It's strategically located in a high-traffic area, experiencing approximately 20,000 cars daily. The property is zoned for retail use and features electric and propane power. Property taxes are $1.80 per square foot. The building is anchored by O'Reilly Auto Parts, providing strong synergy and attracting a substantial customer base. This is a prime opportunity for businesses seeking a well-maintained, high-visibility location in a thriving retail market. The single-story building offers a convenient and efficient layout.

    Property Features for 721 Long Hill Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,355 SF
    Class
    A
    Total Rate
    20336.25

    Building Details

    Year Built/Renovated
    1978/2022
    Stories
    1

    Unit(s) available at that property

    Space
    Tenant B
    Size
    4,002 SF
    Rate per SF
    $17
    Space
    Tenant C
    Size
    3,715 SF
    Rate per SF
    $17

    HighLights

    • Class A, 14,355 SF retail building on 1.77 acres in Groton, CT.
    • Multiple tenancy with 7,177 SF vacant, divisible to 3,175 SF minimum.
    • Located on Long Hill Rd, with frontage on Drozdyk Dr, experiencing 20,000 cars daily.
    • Building features 52 parking spaces, electric and propane power, and was renovated in 2022.
    • Zoned Retail, New London County, with a tax rate of $1.80/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0551567
    Latitude
    41.3485261

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    FAQs

    What type of property is this?
    Retail property - Class A retail space, 7,177 sq ft available.
    Where is this retail property located?
    The property is located at 721 Long Hill Rd Groton, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class A, 14,355 SF retail building on 1.77 acres in Groton, CT.; Multiple tenancy with 7,177 SF vacant, divisible to 3,175 SF minimum.; Located on Long Hill Rd, with frontage on Drozdyk Dr, experiencing 20,000 cars daily.
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    Realmo Value Estimation

    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.

    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.

    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
    721 Long Hill Rd Groton, CT 06340
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