New Listing - 07/08/2026
Listing courtesy of MJ Derisio (860) 304-8020, William Pitt Sotheby's Int'l (860) 434-2400
296 Mitchell Street, Groton, (Groton City), CT, 06340
4 beds
3 Full / 1 Half baths
1947
5,355 sqft
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.
Status:
Active
Town:
Groton
Type:
Commercial
Units:
3
Zoning:
FC
Frontage:
Municipal Street
Garage:
Paved, Off Street Parking, Driveway
Heating:
Hot Water, Zoned
Cooling:
Central Air, Split System, Wall Unit
Parking:
11-car
Acreage:
0.42
Est. Taxes:
$62,318
Assessment
$209,160
Current Use
Mixed Use
Utilities
Electric,Electric Available,Cable,Underground Required
Lot Description:
Level Lot
Days on Market:
7
MLS #:
24189342
Community Info
School Info
Walk Score
Mass Transit
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