$585,000
$595,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
943 North Road Groton, CT 06340
5 Baths
4,368 SqFt
Key Details
Sold Price $585,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $133
MLS Listing ID 24045577
Sold Date 01/05/26
Half Baths 5
Year Built 1986
Annual Tax Amount $8,327
Lot Size 1.720 Acres
Property Description
Excellent cash flow with long-term tenants, no deferred maintenance and exceptional cap rate of 8.86%. Located on Route 117 in Groton, less than a mile from I95, Exit 88. 943 North Rd is a 4,368 SF wood-framed office building with 19 off-street parking spaces. Fully leased with four tenants. Close to Electric Boat, Pfizer, Naval Sub Base. Zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014 with a new roof, HVAC, electric, etc. Private bathrooms for each office tenant.
Location
State CT
County New London
Zoning IM
Interior
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Sidewalk, Gutters, Lighting, Pole Sign
Parking Features Paved
Utilities Available Electric, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Some Wetlands
Story 3
Sewer Septic
Water Public Water Connected
Read Less
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Bought with Jonathan Rodgers • Rodgers Realty Group, LLC