344 Mitchell St Groton, CT 06340-4423
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.
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Pizza Today Restaurant
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Pizzarama To-Go Restaurant
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
FC · 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.