Unlock significant investment potential in highly desirable Five Corners District of Groton City. This versatile .42-acre mixed-use property presents an exceptional opportunity for investors seeking to capitalize on regional growth. The main building offers 5,355 total sq ft: ~3,480 sq ft is finished space that houses a professional office suite and two residential apartments, each with private entrances. There is a 1-bedroom apartment on the first floor, and a 2nd floor 3-beroom. The rest of the main building is an annex with two large storage or workshop spaces. In the rear, is a recently improved detached garage with an upper-story loft. Capital improvements include a new garage roof installed in the fall; energy-efficient mechanical upgrades - a new boiler, hot water tanks, and a new oil tank. The garage is leased separately. Ample parking is available, providing the flexibility to augment current and future business or residential needs. The property is serviced by public water and sewer and benefits from favorable zoning within this special district. This location is uniquely positioned to serve the surging demand for housing and parking created by regional job growth at Electric Boat (General Dynamics). Pfizer, Yale-affiliated medical systems, and local colleges are also nearby. This offering combines historical value with immense untapped ROI potential. Bring your vision to this rare, well-located asset.
Professional office space and Training Facility nestled on .54 acres near the corner of North Road and Rt. 184 (Gold Star Highway). Excellent signage and visibility. Enjoy 5,379 Sq. Ft. with 10 parking spaces in private paved parking lot and 153 ft of frontage on North Road. Very desirable CR Zone with many uses. Currently used as Professional Offices with training classroom. Municipal Utilities, Oil Fired 3-Zone Heating System and Central Air Conditioning. Move your business to this great location with your own private parking!
Excellent opportunity to step into a proven and respected business with a solid reputation and stable operation already in place! Well established, family owned grinder shop, Bennedito's, is located in a prime business location down the street from Electric Boat and in close proximity to Pfizer. With a strong community presence, this beloved neighborhood gem has proudly served loyal customers through-out it's 35+ years. This turn-key business includes both the business and storefront building, along with a 2 bdrm, single family home and 2 car garage. Option to either live on the property or continue renting to tenants already in place on a month to month basis. Home and garage are rented for $1,500 a month and can be vacated at closing if preferred. Grinder shop is fully equipped and owner is willing to stay on for a short time to ensure a smooth transaction.
Excellent opportunity to step into a proven and respected business with a solid reputation and stable operation already in place! Well established, family owned grinder shop, Bennedito's, is located in a prime business location down the street from Electric Boat and in close proximity to Pfizer. With a strong community presence, this beloved neighborhood gem has proudly served loyal customers through-out it's 35+ years. This turn-key business includes both the business and storefront building, along with a 2 bdrm, single family home and 2 car garage. Option to either live on the property or continue renting to tenants already in place on a month to month basis. Home and garage are presently rented for $1,500 a month and can be vacated at closing if preferred. Grinder shop is fully equipped and owner is willing to stay on for a short time to ensure a smooth transaction.
Great opportunity! Corner lot at the traffic light on Route 1. Total of 0.628 acres. Existing driveways from Route 1 and North Road. Road frontage: 211' on Route 1 and 125' on North Rd. 13,500 average daily traffic count. Zone MVC - Mixed-use Village Center offers many uses. Property includes two buildings: #48 is a 2,684 sf 2-story house that needs work (oil heat), and #50 is a 1,598 sf one-story commercial building (electric heat) recently renovated Across the street from the Town Hall and Groton Community Center. Close to Groton Senior Center, Public Library, Big Y, True Value Hardware, and many other retail and fast food places... REDUCED - now $360,000. PERMITTED USES: Retail, small scale, Personal Services, Office, Pet grooming, Clubs, Churches, Medical/Health Office/Clinic, Restaurant... PERMITTED W/ CONDITIONS: Child Care Center, Adult Day Care, Veterinary, Nurseries & Greenhouses...
12 Water Street represents a rare and compelling redevelopment opportunity in the heart of one of New England's most celebrated coastal destinations. Situated on 1.61 acres along the storied waterfront of Mystic, Connecticut, the property offers a substantial existing 4-story, 60,143-square-foot mixed-use building with immediate proximity to the iconic Mystic Drawbridge - one of the most photographed landmarks in the northeastern United States. The site is zoned within the Mystic Downtown District (MDD), a designation purpose-built to encourage concentrated, pedestrian-oriented mixed-use and residential development while preserving the historic character that defines Mystic's irreplaceable sense of place. The MDD zoning framework, combined with the property's scale, location, and existing structure, positions 12 Water Street as an exceptional candidate for adaptive residential reuse - and the recently completed luxury condo projects in the immediate market leave no ambiguity about the demand that awaits a well-executed vision here. Central Hall at 22 West Main Street, completed in 2022 and located within steps of the subject property, is now fully absorbed - including a number of off-market transactions that never reached the open market. Prices at Central Hall accelerated from $743 per square foot at initial closings to over $1,170 per square foot by mid-2025, demonstrating both the depth of demand and the market's appetite for premium product in this location.
Premier Downtown Mystic Location - Three Retail Spaces on the first level and 2 Office/Retail spaces on the second level. One Retail Space on the first level currently available for YOUR business. Each first floor space has a private half bath. One Half Bath on the second floor is shared by two tenants. Total half baths is 4. Situated at one of the most visible and highly trafficked intersections in the Historic Village center and in the MDD zone. Income-Producing Asset. High Foot & Vehicle Traffic - Steps from Mystic Pizza, SIFT Bakery, Boutique Shops, Restaurants, and the Mystic River Waterfront. Historic New England Architecture and one of Mystic's most recognizable and desirable commercial properties. Mystic is one of the most visited destinations in New England, supporting year-round business activity and consistent rental demand. Serviced by Municipal water and sewer and oil-fired heating system. This Appx. 4,909 SF, two-story commercial building is positioned on approximately 0.11 acres at the corner of West Main and Pearl Streets in the heart of Downtown Mystic. This building offers excellent visibility, consistent pedestrian traffic, and proximity to some of Mystic's most popular attractions, ensuring long-term stability and value. Many uses in the MDD Zone.
A rare opportunity to acquire direct Thames River frontage in the heart of Groton's historic commercial corridor. 53 Thames Street offers approximately 24,829 square feet of General Commercial (GC) zoned land with an existing 1,595 SF single-story service bay structure, functional dockage, and on-site parking - all situated along one of southeastern Connecticut's most coveted waterfront stretches. Only three direct riverfront parcels have traded along Thames Street in the past twelve months, underscoring the scarcity of this asset class. The property is being offered free and clear of active tenancy, presenting immediate flexibility for an owner-user, developer, or investor seeking to capitalize on the corridor's accelerating momentum. The Groton submarket is experiencing sustained growth driven by the expanding operations of Electric Boat - a division of General Dynamics - and its deep contractor supply chain, generating demand for marine commercial, hospitality, food and beverage, and mixed-use development along the waterfront PROPERTY IS BEING OFFERED AS-IS ONLY
This property is mixed use commercial. This listing price includes 2 buildings on one lot and Sushi restaurant business. Front building is Sushi restaurant with great income. One building is a single house with 5 bedrooms , 2 full bath and one detached garage, owner did lots of upgrades. Worth to take a look ! Best fit for business owner live in and run business!
Professional Office Condo for sale, located in professional office park (aka The Green Building). Handicapped accessible office condo has 1,568sf total. Quick off I-95. 2nd floor. Private bath and kitchen, conference room, waiting/reception area and 4 private offices. Three of the offices are leased out. Clean, professional space. Rent income is $11,920/yr. Condo fee is $6,268/year. For Sale $157,000.
Iconic Historic Inn steps from Historic Downtown Mystic. Once-in-a-lifetime opportunity to own this exquisite architectural masterpiece. Meticulous 10,500 Sq Ft Italianate Victorian Hotel-Inn with 8 Bedrooms, 8 Full Bathrooms and 3 Half Bathrooms all nestled on 1.5 manicured acres with private parking lot and porte-cochere. Featuring 3 grand parlors with hand-painted ceilings, full commercial kitchen with stainless steel counters, formal dining room for 30 with French Doors leading out to brick patio for Alfresco Dining. 5 beautiful ornate original fireplaces converted to gas. Serviced by municipal water and sewer. Also includes a registration area, and potential lower-level Speakeasy. Endless possibilities. Perfect for a boutique inn, buyouts, event venue or luxury residence. Zoned for business or private use. Stunning tri-state views from the Belvedere. One of the most historically significant building in Mystic. A very rare investment opportunity in a prime shoreline location. If used as an 8 unit Inn, 6 outdoor events per year under a tent. This property blends History, Luxury and Functionality - ideal as a boutique inn, exclusive event venue, or private residence. Whether hosting small gathering under the stars on your brick patio or welcoming guests through the grand porte cochere, every detail reflects timeless New England elegance. Discover this landmark estate where every visit feels like a dream and just steps to Historic Downtown Mystic!
Prime corner with great exposure just off I-95 in Groton located on high traffic street. This property consists of three commercial buildings: one warehouse with high ceilings and two overhead doors; one two-story office building and one building used for storage on 0.56 acres. Property is fenced in for security. In close proximity to Electric Boat, Pfizer and Avery Point. Easy on/off access from I-95. Great opportunity to redevelop the site or for an end user.
Groton is located in Connecticut. Groton, Connecticut has a population of 38,686. Groton is less family-centric than the surrounding county with 27.4% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in Groton, Connecticut is $73,999. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in Groton is 34.2 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 47.9 inches per year, with 26.6 inches of snow per year.
