112 New London Road, Groton, CT 06340

$1,150,000
7
BA
6,666
SqFt
List Price
$1,150,000
Status
ACTIVE
MLS#
24022154
Year Built
1929
Levels
2
Bathrooms
7
Acres
1.38
Living Area
6,666
Neighborhood
N/A

Property Description

Welcome to 112 New London Rd, a versatile and charming mixed-use property in the heart of Groton, Connecticut. Spanning 1.38 acres in a RU-20 Zone, this property offers a perfect blend of residential and commercial spaces for various uses. The residential section includes four cozy rental units: Cottage 1 (374 sq ft), Cottage 2 (216 sq ft), a 512 sq ft basement unit, and a spacious 1,240 sq ft second-floor apartment. These units provide steady rental income, making it an attractive investment. On the commercial side, the property features several office spaces, both occupied and vacant. The main office is 1,554 sq ft, with other units ranging from 104 to 307 sq ft, offering significant revenue potential. Additional features include two garages totaling 586 sq ft and 498 sq ft of common areas, enhancing the property's functionality and appeal. This property is ideal for those looking for an owner-occupied space to offset costs with rental income or purely as an investment. Discover the potential of 112 New London Rd. For detailed financial information and a complete offering memorandum, please contact your real estate agent. Explore the possibilities this unique property has to offer!

Additional Information

Taxes
$11,983
Lot Size
60,112
Interior Features
Living Space Available
Heating
Hot Air, Zoned
Fuel Type
Electric, Oil
Cooling System Type
Central Air
Sewer
Septic
Water Source
Public Water Connected
Parking Spaces
23

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Andrew O'Reilly from Seaport Real Estate Services

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