About 943 North Road
Excellent cash flow with long-term tenants, no deferred maintenance and exceptional cap rate of 8.86%. 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.
Features of 943 North Road
| MLS® # | 24045577 |
|---|---|
| Price | $595,000 |
| Bathrooms | 5.00 |
| Half Baths | 5 |
| Square Footage | 4,368 |
| Square Footage | Public Records |
| Acres | 1.72 |
| Type | Commercial For Sale |
| Status | Closed |
Community Information
| Address | 943 North Road |
|---|---|
| Area | N/A |
| City | Groton |
| County | New London |
| State | Connecticut |
| Zip Code | 06340 |
Amenities
| Utilities | Electric, Telephone, Cable |
|---|---|
| Parking Spaces | 19 |
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Air, Electric |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Exterior Features | Sidewalk, Gutters, Lighting, Pole Sign |
|---|---|
| Lot Description | Some Wetlands |
| Roof | Asphalt Shingle |
Additional Information
| Date Listed | September 9th, 2024 |
|---|---|
| Days on Market | 405 |
| Zoning | IM |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Rodgers |
|---|---|
| Office | Rodgers Realty Group, LLC |