468 Main St Groton, MA 01450
- Commercial real estate
- 6.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 468 Main St
- Lot size
- 6.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 6-acre property in Groton, Massachusetts presents a unique investment opportunity. Strategically located on Main Street (Route 111), this land boasts over 526 feet of commercially zoned frontage, ensuring high visibility and accessibility. The site is ideally positioned opposite a thriving retail and office plaza, benefiting from significant daily traffic counts. The property comprises 4.5 acres zoned General Business (GB) and 1.5 acres zoned Residential (RA), offering diverse development potential. Public water and sewer are available. Allowed uses, either by right or special permit, include a wide range of commercial ventures such as retail, restaurants, auto repair, medical facilities, limited multi-family housing, and more (refer to the Groton Zoning By-law for complete details). The property includes an existing two-family dwelling and a restaurant slated for demolition. This prime location provides easy access to Route 495, making it an attractive site for businesses catering to commuters. The parcels involved are M:216, B99, M216 L98, and M216 L101, located at 468-478 Main Street, Groton, MA 01450. This is a perfect opportunity for owner-use, investment, or a potential 1031 exchange.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.584936
- Latitude
- 42.62055
