514-520 Thames St - Office FOR SALE


Groton, CT 06340
$1,200,000 USD
514-520 Thames St, Groton, CT for Sale
$1,200,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

NEW


514-520 Thames St
Groton, CT 06340


HIGHLIGHTS

  • Prime Location: Directly across from General Dynamics Electric Boat, southeastern Connecticut’s largest employer and economic anchor.
  • Functional Layout: 10,510 SF building with 9,575 SF of office and 935 SF of storage, flexible for medical, governmental, or professional users
  • Strong Tenant Demand: Proximity to Electric Boat, Pfizer, and Lawrence + Memorial Hospital ensures ongoing demand for office space.

OVERVIEW

520 Thames Street presents a rare opportunity to acquire a highly functional, strategically located office asset in the heart of southeastern Connecticut's most dynamic employment corridor. Situated directly across from General Dynamics Electric Boat, the region’s largest and most stable economic driver, this three-story, 10,510 square foot building offers a compelling investment profile for both owner-users and investors alike. With 9,575 square feet of professional office space and an additional 935 square feet of dry storage, the property is ideally suited for medical, governmental, or professional tenants seeking proximity to the submarine manufacturing hub and surrounding institutional employers such as Pfizer and Lawrence + Memorial Hospital. The building’s durable construction—steel frame, brick masonry, and clear-span floor plates—along with 35 off-street parking spaces, sets it apart in a market with limited high-quality inventory. Recent growth at Electric Boat, including billions in federal contracts and site expansions to support over 15,000 employees, continues to drive robust demand for nearby office space. With updated lease rate assumptions, stable income potential, and favorable zoning, 520 Thames Street offers immediate value and long-term upside through targeted lease-up and minor cosmetic improvements. Whether viewed as an investment vehicle or a strategic headquarters location, this property delivers an outstanding balance of income, location, and flexibility in one of Connecticut’s most economically resilient submarkets.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

GC

APN/PARCEL ID

GROT-001688-000648-000862

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