Price $900,000
Status Active
Beds 0
Baths 0 Bath
Home size 8,821 sqft
Lot Size 1.45 ac
Days on Market 358
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.
Property Type(s): Multi Family
Last Updated 7/19/2022 Year Built 1930
Garage Spaces 1.0 County New London

SCHOOLS

Elementary School Per Board of Ed
High School Per Board of Ed

Price History

Prior to Jul 19, '22 $1,000,000
Jul 19, '22 - Today $900,000

Additional Details

AIR None
AREA Groton City
BASEMENT Full, Yes
CONSTRUCTION Aluminum, Other
EXTERIOR Sidewalk
GARAGE Detached Garage, Yes
HEAT Baseboard, Steam
LOT 1.4500 acre(s)
LOT DESCRIPTION Corner Lot
SEWER Public Sewer Connected
STYLE Other, Units on different Floors
TAXES 3421
VIEW Yes
WATER Public Water Connected
WATERFRONT DESCRIPTION View
ZONING FC

Location

 

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