18 Thames StGroton, CT 06340

This exceptional 11,000 square foot building at 18 Thames Street in Groton, Connecticut, presents a unique investment opportunity. Originally constructed in 1931, the structure has been completely gutted, providing a blank canvas for a variety of uses. The property boasts a convenient two-story layout, with approved plans for office, storage, or retail space. The existing plans include an elevator, stairwell, and ample egress points. The site features 32 approved parking spaces, a significant advantage in this location. Furthermore, a new underground electrical system is in place, ready for a 3-phase, 400-amp service, all approved by Groton Utilities. The property also includes a loading dock equipped with a hydraulic lift, enhancing operational efficiency. Situated on a high-traffic street, this property offers excellent visibility and stunning views of the Thames River. The 0.45-acre lot provides ample space for the building and its associated parking. The zoning is GC (General Commercial), allowing for flexibility in development. There's also the potential to convert the upper floors into residential units, creating a mixed-use property. An additional half-acre lot is available for purchase separately for $100,000. This property is priced at $595,000, with a price per square foot of $54.09. This is a rare opportunity to acquire a fully prepared building in a desirable location with significant potential for high returns.