Prime Development Site – 13.4 Acres in Strategic Growth Corridor This 13.4-acre parcel, located at 231 Gungywamp Road, Groton, CT, offers a rare opportunity for large-scale residential or mixed-use development in one of Southeastern Connecticut’s fastest-growing zones. The site includes an existing 30,000 sq ft building with infrastructure in place, and is currently zoned RU-20, with active discussions in progress with the City of Groton for rezoning to allow multifamily buildings up to 6 stories. The property sits just 2 minutes from a newly completed 300-unit multifamily development, confirming the city’s readiness for high-density housing — especially as Electric Boat’s expansion drives significant workforce demand. It also benefits from direct access to I-95, 10 minutes to Mystic, 10 minutes to Mohegan Sun and Foxwoods Casinos, and proximity to schools, grocery stores, and retail plazas. ? Development Highlights: 13.4 acres (±583,000 sq ft) with flexible topography Existing 30,000 SF structure for reuse or redevelopment RU-20 zoning – multifamily rezoning discussions in progress Across from newly delivered 300-unit project Strong rental demand fueled by Electric Boat & defense contracts 2 min to I-95; 10 min to Mystic & casinos Magnet elementary school directly across the street Ideal for market-rate apartments, senior housing, Airbnb, or workforce housing The land offers infrastructure including paved areas, electricity, water, sewer, and street access already in place. Preliminary plans propose a housing development of 288 multifamily residential units with amenities including a wellness center, organic restaurant, meditation garden, yoga studio, and children's eco club. Strong demand for housing due to major local employers like Pfizer and Electric Boat. Flexible zoning for development with RU-20 designation. Seller open to partnership opportunities or structured lease options.