18 Thames St Groton, CT 06340-3629
This exceptional 11,000-square-foot free-standing building at 18 Thames Street in Groton, Connecticut, presents a unique investment opportunity. Situated on a 0.46-acre lot, this two-story structure, built in 1931, offers versatile space ideal for a variety of uses, including office, industrial, or restaurant. Currently vacant, the entire 11,000 square feet is available for lease. The property is zoned GC and features ample parking in a dedicated lot. The building is slated for a complete refurbishment, including the installation of a new elevator. Significant improvements are planned, encompassing landscaping enhancements and the creation of a new parking area. This presents a rare chance to secure a property with waterfront views, perfectly suited for a restaurant with patio seating, or a business seeking a prominent location in Groton. The owner is open to build-to-suit options for long-term lease agreements, making this an adaptable space to meet specific tenant needs. The property's prime location and upcoming renovations make it an attractive prospect for discerning businesses seeking a high-visibility presence in a thriving community. Don't miss this chance to secure a remarkable commercial property in Groton, CT.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Groton, CTGroton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.