231 Gungywamp Rd, Groton, CT 06340
13.4 Acres of Commercial Land Offered at $1,800,000 USD in Groton, CT 06340
For Sale
Active
Asking Price $1,800,000
- Property Type
-
Land
Listing Contacts
- Property Info
Property Overview
Property for Sale: Prime Development Opportunity
Property Description
Introducing a premier development opportunity located at 231 Gungywamp Road, Groton, CT. This expansive parcel of land is perfectly positioned to meet the growing demand for housing in the area, offering the potential to develop over 200 residential units.
Key Features:
Development Potential: The property is ideally suited for a substantial residential project, with ample space for more than 200 units. Whether you envision single-family homes, townhouses, or multi-family apartments, this land provides the flexibility to bring your vision to life.
Strategic Location: Located in a vibrant town with a significant housing deficit, this property is positioned to capitalize on the high demand for new housing.
Accessibility: Just 3 minutes from I-95, providing convenient access to major cities and surrounding areas. This makes commuting easy for future residents and enhances the appeal of your development.
Nearby Amenities:
Schools: A school is located directly across from the property, offering convenience for families and adding to the attractiveness of the location for potential residents.
Supermarkets and Shopping: Close proximity to supermarkets and shopping centers ensures that daily necessities are always within reach.
Healthcare: Nearby top-rated healthcare facilities provide peace of mind for residents.
Recreational and Cultural Attractions: Easy access to parks, beaches, and cultural attractions like Mystic Seaport and Mystic Aquarium.
Employment Opportunities: The area boasts a strong local economy with major employers such as General Dynamics Electric Boat, Pfizer, and the U.S. Naval Submarine Base. This ensures a steady influx of workers in need of housing, making your development a critical addition to the community.
Why Invest Here?
Groton is a town experiencing rapid growth and a significant deficit in available housing. The local government is supportive of new residential projects, providing potential incentives for developers. This property’s prime location, combined with the high demand for housing, makes it a unique and lucrative investment opportunity.
Property Description
Introducing a premier development opportunity located at 231 Gungywamp Road, Groton, CT. This expansive parcel of land is perfectly positioned to meet the growing demand for housing in the area, offering the potential to develop over 200 residential units.
Key Features:
Development Potential: The property is ideally suited for a substantial residential project, with ample space for more than 200 units. Whether you envision single-family homes, townhouses, or multi-family apartments, this land provides the flexibility to bring your vision to life.
Strategic Location: Located in a vibrant town with a significant housing deficit, this property is positioned to capitalize on the high demand for new housing.
Accessibility: Just 3 minutes from I-95, providing convenient access to major cities and surrounding areas. This makes commuting easy for future residents and enhances the appeal of your development.
Nearby Amenities:
Schools: A school is located directly across from the property, offering convenience for families and adding to the attractiveness of the location for potential residents.
Supermarkets and Shopping: Close proximity to supermarkets and shopping centers ensures that daily necessities are always within reach.
Healthcare: Nearby top-rated healthcare facilities provide peace of mind for residents.
Recreational and Cultural Attractions: Easy access to parks, beaches, and cultural attractions like Mystic Seaport and Mystic Aquarium.
Employment Opportunities: The area boasts a strong local economy with major employers such as General Dynamics Electric Boat, Pfizer, and the U.S. Naval Submarine Base. This ensures a steady influx of workers in need of housing, making your development a critical addition to the community.
Why Invest Here?
Groton is a town experiencing rapid growth and a significant deficit in available housing. The local government is supportive of new residential projects, providing potential incentives for developers. This property’s prime location, combined with the high demand for housing, makes it a unique and lucrative investment opportunity.
Property Details
- Property Subtype
- Commercial
Highlights
- Large Parcel of Land: Expansive property with significant space, perfect for developing over 200 residential units.
- Flexible Zoning: Suitable for various residential development configurations, including single-family homes, townhouses, or multi-family apartments.
- Proximity to Major Highways: Just 3 minutes from I-95, ensuring easy access to major cities and surrounding areas, enhancing convenience for future re
- Close to Essential Amenities: Located near schools, supermarkets, healthcare facilities, and shopping centers, providing future residents with all nec
- Schools: Directly across from a school, making it an ideal location for families with children.
- Strong Local Economy: Groton is home to major employers like General Dynamics Electric Boat, Pfizer, and the U.S. Naval Submarine Base, ensuring a ste
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].