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91 Poquonnock Road

Groton, CT 06340
  • $900,000
  • STATUS: Active
  • MLS #: 170479965
UPDATED: 68 min ago
$900,000
  • 0
    BEDS
  • 1.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,821
    SQFT
  • $102
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Extremely unique commercial opportunity to buy a portfolio of properties within walking distance to Electric Boat. The current owner has done the hard work of assembling 5 properties totaling 1.45 acres in an area that is ripe for development and change. A proposed 80-unit mixed use project including commercial space and apartments was recently not approved by the town, but an extremely competent team of professionals has paved the road for someone to take the baton and reap the rewards of their work well done. These properties are in Groton Citys Floating Zone allowing for creative usage.Floating zones can be used to plan for future land uses that are anticipated or desired in the community, but are not confirmed, such as affordable housing, shopping centers, and urban development projects. They can also be used for cluster zoning, planned-unit developments (PUDs), and urban development projects.The portfolio consists of a 1658 square foot commercial building currently occupied by Subway and generating a yearly income of $7500. 8-10 Benham Rd consists of two multifamily buildings with a total of 6 units and all are vacant currently. 22 Benham Rd is a single-family home with 1570 square feet of livable space. 46 Benham Rd is a 1218 square foot single family home. 1 Mariani Ct is being utilized as a parking lot and generates a yearly net income of approximately $8,623.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-01T19:09:58.233.
www.anytimerealty.com/homes/127424635
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91 Poquonnock Road Groton, CT 06340

  • Price: $900,000
  • Status: Active
  • On Site: Days
  • Updated: 68 min ago
  • MLS #: 170479965
0
Beds
0
Baths
0
½ Baths
1.45
Acres
8,821
SQFT
$102
$/SQFT
1900
Built
Neighborhood:
Groton City
County:
New London
Area:
Groton
Property Description
Extremely unique commercial opportunity to buy a portfolio of properties within walking distance to Electric Boat. The current owner has done the hard work of assembling 5 properties totaling 1.45 acres in an area that is ripe for development and change. A proposed 80-unit mixed use project including commercial space and apartments was recently not approved by the town, but an extremely competent team of professionals has paved the road for someone to take the baton and reap the rewards of their work well done. These properties are in Groton Citys Floating Zone allowing for creative usage.Floating zones can be used to plan for future land uses that are anticipated or desired in the community, but are not confirmed, such as affordable housing, shopping centers, and urban development projects. They can also be used for cluster zoning, planned-unit developments (PUDs), and urban development projects.The portfolio consists of a 1658 square foot commercial building currently occupied by Subway and generating a yearly income of $7500. 8-10 Benham Rd consists of two multifamily buildings with a total of 6 units and all are vacant currently. 22 Benham Rd is a single-family home with 1570 square feet of livable space. 46 Benham Rd is a 1218 square foot single family home. 1 Mariani Ct is being utilized as a parking lot and generates a yearly net income of approximately $8,623.
Exterior Features

Construction Description Frame Exterior Features Sidewalk Foundation Type ConcreteStone Lot Description DryCorner LotLevel Lot Parking Total Spaces 0 Road Frontage Description State Road Roof Information Asphalt ShingleRubber

Interior Features

Cooling System None Heat Type BaseboardRadiatorSteam

Property Features

Bank Owned Property Yn No Commercial Category Investment Complex Name Five Corners District Documents Available BrochureDemographic DataLead DisclosurePhoto/SurveyPlot Plan/Survey Flood Zone Yn No Garage Parking Info Detached Garage Heat Fuel Type Oil Location Urban Possession Availability Negotiable Potential Short Sale Yn No Potential Use Redevelopment Present Use Mixed Property Tax 2609 Sewage System Public Sewer Connected Sign Yn Yes Subdividable Ynu Yes Tenants Number Of 1 Utilities Available ElectricTelephoneCable Available Water Source Public Water Connected Zoning Fc

Listing information © 2022 Smart MLS
Listing provided courtesy of Andrew O'reilly of Seaport Real Estate Services: (860) 245-9200.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-01T19:09:58.233.
 
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