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Property profile & analytics
FOR LEASE
Retail properties & Spaces

721 Long Hill Rd Groton, CT 06340

14,288 SF 1.78 ac lot Built 1979
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US15-0749879
Property summary
AI-generated overview

This exceptional Class A retail property, located at 721 Long Hill Rd in Groton, offers 14,355 total square feet across three suites. Currently, 7,177 square feet are available, divisible into spaces as small as 3,175 square feet, with a maximum contiguous space of 7,177 square feet. The building, constructed in 1978 and extensively renovated in 2022, sits on a 1.77-acre lot (77,164 square feet) and boasts 52 parking spaces for ample customer convenience. The property benefits from excellent visibility and accessibility, with direct frontage on Drozdyk Dr. It's strategically located in a high-traffic area, experiencing approximately 20,000 cars daily. The property is zoned for retail use and features electric and propane power. Property taxes are $1.80 per square foot. The building is anchored by O'Reilly Auto Parts, providing strong synergy and attracting a substantial customer base. This is a prime opportunity for businesses seeking a well-maintained, high-visibility location in a thriving retail market. The single-story building offers a convenient and efficient layout.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1979
Total area 14,288 SF
Lot 1.78 ac (77,537 SF)
Zoning code MTC
APN GROT M:169805088408
UPID US15-0749879
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
  • O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$799k
Blend (final) Blend
$855k
Owner & transaction history
721 Mhh LLC · 6 yrs held
721 Mhh LLC
since 2020
2 recorded transactions
2020
Price N/A
2017
Price N/A
Zoning & alternative use
MTC · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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