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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

46 Main St Groton, CT 06340

Property ID
Property summary
AI-generated overview

This exceptional property at 46 Main St, Groton, CT 06340, offers two versatile retail/office spaces totaling 2,090 square feet of vacant space. Located in the heart of Noank's historic seaside district, this building presents a unique opportunity for businesses seeking high visibility and foot traffic. The larger space, measuring 1,241 square feet, is adaptable for various uses and can be subdivided to accommodate multiple tenants. The smaller space, at 849 square feet, previously a hair salon, retains its charming character and is ideal for retail or office use. Both units are undergoing upgrades, including new mini-splits and energy-efficient propane heat, ensuring year-round comfort. The property is zoned VC (Marine Village Commercial), allowing for a wide range of businesses, including cafes, art galleries, boutiques, and wellness clinics. The 1,241 sq ft space is available for $2,500 per month plus triple net charges, with flexible subdivision options. The 849 sq ft space is available for $2,000 per month plus triple net charges. This prime location in New London County, near Pearl Street, offers unparalleled access to the vibrant Noank community. The property's APN is 260820902274. This is an excellent opportunity to establish a thriving business in a picturesque coastal setting.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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