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Property profile & analytics
OFF-MARKET
Retail space

344 Mitchell St Groton, CT 06340-4423

5,456 SF 0.84 ac lot Built 1952
Entity Owned 2-yr Hold Free & Clear
Property ID
US15-0065781
Property summary
AI-generated overview

This exceptional 800-square-foot commercial space is ideally situated at the bustling Five Corners intersection in Groton, Connecticut, offering unparalleled visibility and accessibility. Located at 344 Mitchell St, zip code 06340, this single-tenant unit is part of a larger 2,728-square-foot building, recently renovated in 2023. The space is zoned FC (Five Corners) Commercial and benefits from its prime location within the City of Groton, Electric Boat, and Five Corners submarket. This end-cap unit provides excellent street frontage and high foot traffic, making it perfect for a variety of businesses. The property boasts convenient access to the Electric Boat facility and is surrounded by thriving businesses, including Twisted Misty's (Smoothies), Hao's Barbershop, and Pizza Today Restaurant. An additional lower level space is available for lease, offering the potential for expansion. This lower level includes a walk-in cooler and kitchen prep area, ideal for food-related businesses or those requiring additional storage. This is a rare opportunity to secure a highly visible and well-located commercial space in a thriving area. The property is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Total area 5,456 SF
Lot 0.84 ac (36,590 SF)
Zoning code FC
APN GROT M:168807582159
UPID US15-0065781
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
Current use
Occupant on record · Public records
  • Pizza Today Restaurant
  • Pizzarama To-Go Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Elms LLC · 2 yrs held
Elms LLC
since 2023
Last sale
$475,000
6 recorded transactions
2024
Price N/A
2023
$475,000
2019
Price N/A
2019
Price N/A
2010
$390,000
1993
$114,500
Zoning & alternative use
FC · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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