48+50 Ft Hl Rd Groton, CT 06340
- Land
- 0.63 lot acres
Current Use by Public Records
- Land
Property Details for 0 48+50 Ft Hl Rd
- Lot size
- 0.63 lot acres
- Property type
- Land
Description
This exceptional 0.628-acre commercial property in Groton, CT, is ideally situated on a high-traffic corner at the intersection of Route 1 and North Road, boasting 211 feet of frontage on Route 1 and 125 feet on North Road. The property benefits from an average daily traffic count of 13,500 vehicles. The site includes two buildings: a 1,598 square foot, two-story house requiring renovations (oil heat) and a recently renovated 2,684 square foot, one-story commercial building (electric heat). The property is zoned MVC (Mixed-use Village Center), allowing for a wide range of uses including retail, personal services, offices, restaurants, and more. Permitted with conditions are uses such as child care centers, adult day care, veterinary clinics, and nurseries. The location is highly desirable, situated across from the Town Hall and Groton Community Center, and in close proximity to the Groton Senior Center, Public Library, Big Y, True Value Hardware, and numerous other retail and fast-food establishments. Access is convenient via I-95 Exit 88. This prime location and versatile zoning make this a compelling investment opportunity. The asking price is $360,000. Existing driveways provide access from both Route 1 and North Road. The property's zip code is 06340.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groton
- County
- New London
- State
- Connecticut
- Longitude
- -72.0333
- Latitude
- 41.3458
