943 North Rd - Office/Residential FOR SALE


Groton, CT 06340
$645,000 USD
860-536-4829
943 North Rd, Groton, CT for Sale
$645,000 USD
Office/Residential - FOR SALE
1/12
null | 8.07% Cap Rate

943 North Rd
Groton, CT 06340


OVERVIEW

Excellent cash flow with long-term tenants, no deferred maintenance, 8% cap rate. Located on Route 117 in Groton, less than a mile from I95, Exit 88. 943 North Rd is a 4,368 SF wood-framed office building with 19 off-street parking spaces. Fully leased with four tenants. Close to Electric Boat, Pfizer, Naval Sub Base. Zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014 with a new roof, HVAC, electric, etc. Private bathrooms for each office tenant.

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

8.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

IM

APN/PARCEL ID

GROT-001699-000888-008329

ASK ABOUT THIS PROPERTY

Jonathan RodgersRodgers DevelopmentMore Info
860-536-4829

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Jonathan RodgersRodgers DevelopmentMore Info
860-536-4829

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