USACTGrotonGroton City514 Thames St
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514 Thames St, Groton, CT

Real Estate

For Rent

Listed price in listed location currency (USD).
$1,050,000

0035

MLS® 24123804

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Lease
Size -
Garage No
Date Available 
Days Active 155
Approx. Age 1981
MLS® Number 24123804

Property Address: 514 Thames St, Groton, CT, 06340-3967

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

Description

520 Thames Street presents a rare opportunity to acquire a highly functional, strategically located office asset in the heart of southeastern Connecticut's most dynamic employment corridor. Situated directly across from General Dynamics Electric Boat, the region's largest and most stable economic driver, this three-story, 10, 510 square foot building offers a compelling investment profile for both owner-users and investors alike. With 9, 575 square feet of professional office space and an additional 935 square feet of dry storage, the property is ideally suited for medical, governmental, or professional tenants seeking proximity to the submarine manufacturing hub and surrounding institutional employers such as Pfizer and Lawrence + Memorial Hospital. The building's durable construction-steel frame, brick masonry, and clear-span floor plates-along with 35 off-street parking spaces, sets it apart in a market with limited high-quality inventory. Recent growth at Electric Boat, including billions in federal contracts and site expansions to support over 15, 000 employees, continues to drive robust demand for nearby office space. With updated lease rate assumptions, stable income potential, and favorable zoning, 520 Thames Street offers immediate value and long-term upside through targeted lease-up and minor cosmetic improvements.
MLS® Number24123804
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1981
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Leased YetSold Price

For Rent

Sep 4, 2025List Date
$1,050,000List Price
  • Commute

Commute

Starting Address
Destination Address
514 Thames St, Groton, CT

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