91 Poquonnock Rd, Groton, CT

$1,000,000

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8,821

Square feet

1.45

Acres

About 91 Poquonnock Rd

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 City’s 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.

Features of 91 Poquonnock Rd

MLS® # 170479965
Price $1,000,000
Bathrooms 0.00
Square Footage 8,821
Acres 1.45
Year Built 1900
Type Commercial/Investment
Sub-Type Investment
Status Under Contract

Community Information

Address 91 Poquonnock Rd
Area Groton City
City Groton
County New London
State CT
Zip Code 06340

Amenities

Utilities Cable Available, Electric, Telephone
Parking Detached Garage
Garages Detached Garage
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Radiator, Oil, Steam
Cooling None
Fireplace No

Exterior

Exterior Features Sidewalk
Lot Description Dry, Level Topography, Corner
Roof Asphalt Shingle, Rubber
Construction Frame
Foundation Concrete, Stone

Additional Information

Date Listed April 6th, 2022
Days on Market 52
Zoning FC
RE / Bank Owned No

Listing Details

OfficeSeaport Real Estate Services

Listing Map

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