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USACTGrotonGroton City296 Mitchell St
Listing image | Image 1

296 Mitchell St, Groton, CT

House

For Rent

Listed price in listed location currency (USD).
$575,000

0411

MLS® 24189342

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Lease
Size -
Garage 
Date Available 
Days Active 6
Lot Size 0.42 Acres
Approx. Age 1947
MLS® Number 24189342

Property Address: 296 Mitchell St, Groton, CT, 06340-4435

Average square foot calculated using Size range provided by listing agent.

Description

Unlock significant investment potential in highly desirable Five Corners District of Groton City. This versatile .42-acre mixed-use property presents an exceptional opportunity for investors seeking to capitalize on regional growth. The main building offers 5, 355 total sq ft: ~3, 480 sq ft is finished space that houses a professional office suite and two residential apartments, each with private entrances. There is a 1-bedroom apartment on the first floor, and a 2nd floor 3-beroom. The rest of the main building is an annex with two large storage or workshop spaces. In the rear, is a recently improved detached garage with an upper-story loft. Capital improvements include a new garage roof installed in the fall; energy-efficient mechanical upgrades - a new boiler, hot water tanks, and a new oil tank. The garage is leased separately. Ample parking is available, providing the flexibility to augment current and future business or residential needs. The property is serviced by public water and sewer and benefits from favorable zoning within this special district. This location is uniquely positioned to serve the surging demand for housing and parking created by regional job growth at Electric Boat (General Dynamics). Pfizer, Yale-affiliated medical systems, and local colleges are also nearby. This offering combines historical value with immense untapped ROI potential. Bring your vision to this rare, well-located asset.
MLS® Number24189342
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1947
Basement
DrivewayPaved, Off Street Parking, Driveway
Garage Spaces
HeatElectric, Oil, Hot Water, Zoned
A/CCentral Air, Split System, Wall Unit

Extras

Price History

-End Date
Not Leased YetSold Price

For Rent

Jul 15, 2026List Date
$575,000List Price
  • Commute

Commute

Starting Address
Destination Address
296 Mitchell St, Groton, CT

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