160 Brg St Groton, CT 06340-3604
- Retail space
- 21,651 SF
- 1.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 160 Brg St
- Year built
- 1952
- Lot size
- 1.06 lot acres
- Property size
- 21,651 SF
- Zone code
- GC
- Property type
- Retail space
- APN
- GROT M:168914433318
- APU
- GROTM168914433318
Description
This exceptional 1,415 square foot retail storefront at 160 Bridge Street in Groton, Connecticut, presents a unique opportunity for businesses seeking high visibility and accessibility. Located in a bustling commercial area, this single-tenant space boasts a prime location near I-95, providing easy access for customers and employees. The property is situated just minutes from major employers such as Electric Boat, Pfizer, and the United States Coast Guard Academy, ensuring a consistent flow of potential clientele. The building, constructed in 1952, features a large display window, ideal for showcasing products and attracting attention. Ample parking is available with 51 spaces for customers and employees. The property sits on 1.06 acres of land and is part of a larger 21,649 square foot building with two stories. This versatile space is perfect for a variety of retail businesses seeking to establish a strong presence in a thriving community. The high traffic area and proximity to major employers make this an exceptional investment opportunity. The property offers a unique blend of convenience, visibility, and accessibility, making it an ideal location for a successful retail venture. This is a single-tenant space within a larger building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $1,090,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,140,000
- Geo Method
- $890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,030,000
- Retail
- $1,100,000
- Mixed-Use
- $1,040,000
- Hospitality
- $970,000
- Educational
- $1,100,000
- Residential Income
- $1,145,000
- Energy
- $1,130,000
- Income-Based Land
- $1,180,000
- Food Service
- $1,055,000
Location Insight
- Map
- Local Demand
- City
- Groton
- County
- New London
- State
- Connecticut
- Longitude
- -72.0785
- Latitude
- 41.3621
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
