0 Crystal Lake Rd - Commercial LAND FOR SALE


Groton, CT 06340 365,033 SF
$2,714,000 USD
860-887-5000
0 Crystal Lake Rd, Groton, CT for Sale
$2,714,000 USD
Commercial LAND - FOR SALE
1/1
365,033 SF

0 Crystal Lake Rd
Groton, CT 06340


HIGHLIGHTS

  • Contractor sitework pricing and supporting development documentation are available in the data room.
  • Located adjacent to Naval Submarine Base New London.
  • Civil, zoning, wetlands, utility, traffic, and access approvals are complete.
  • Fully approved 92-unit multifamily development opportunity.

OVERVIEW

0 Crystal Lake Road presents the opportunity to acquire a fully approved multifamily development site in Groton, Connecticut. The offering includes approvals for a 92-unit apartment community situated on an executable 8.38-acre development plan immediately adjacent to the Naval Submarine Base and within one of southeastern Connecticut's most significant defense and maritime employment corridors. The approved program consists of two residential buildings totaling 92 units, including a mix of studio and one-bedroom apartments, supported by an extensive amenity package and 99 parking spaces with EV-ready infrastructure. A key differentiator of this opportunity is the advanced stage of project readiness. Civil, zoning, wetlands, utility, traffic, and access approvals are in place, and the offering includes supporting surveys, architectural planning, landscape documentation, and contractor pricing. Public water and public sewer service are available to the site, reducing entitlement and infrastructure uncertainty for a future developer. The development is positioned to benefit from proximity to major regional demand drivers, including Naval Submarine Base New London, Electric Boat, defense contractors, and military households throughout the Groton-New London market. The property's location near Route 12 provides convenient regional connectivity while placing future residents close to one of the area's largest employment concentrations. The seller has obtained contractor pricing for sitework, providing prospective buyers with a defined basis for horizontal development costs. Combined with completed approvals, a phased construction approach, and a substantial amenity program featuring recreation areas, clubhouse facilities, trails, and outdoor gathering spaces, the project offers a streamlined path toward development and long-term multifamily investment potential.

FOR SALE DETAILS

PRICE

$2,714,000 USD

PRICE/ACRE

$323,866/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Approved 92-Unit M-F across from Sub Base

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

8.38 AC

LAND SF

365,033 SF

OFFSITE IMPROVEMENTS

-

ZONING

CN

APN/PARCEL ID

GROT-001780-001832-002341

ASK ABOUT THIS PROPERTY

Ron LymanLyman Real Estate Brokerage & DevelopmentMore Info
860-887-5000

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Ron LymanLyman Real Estate Brokerage & DevelopmentMore Info
860-887-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.