Water Views
Address
22 Benham Road, Groton, CT
Price
$ 900,000
Property Attributes
  • MLS#170480344
  • TypeMulti-Family
  • CountyNEW LONDON
  • CityGroton
  • Zip06340
  • StyleUnits on different Floors
  • Year Built1930
  • Taxes$ 3421
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8821
  • Lot Size1.45 Acres
Data Source:
Smart MLS
Property Description

Extremely unique commercial opportunity to buy a portfolio of properties within walking distance to Electric Boat. The current owner has done the hard work of assembling 5 properties totaling 1.45 acres in an area that is ripe for development and change. A proposed 80-unit mixed use project including commercial space and apartments was recently not approved by the town, but an extremely competent team of professionals has paved the road for someone to take the baton and reap the rewards of their work well done. These properties are in Groton City’s Floating Zone allowing for creative usage. Floating zones can be used to plan for future land uses that are anticipated or desired in the community, but are not confirmed, such as affordable housing, shopping centers, and urban development projects. They can also be used for cluster zoning, planned-unit developments (PUDs), and urban development projects. The portfolio consists of a 1658 square foot commercial building currently occupied by Subway and generating a yearly income of $7500. 8-10 Benham Rd consists of two multifamily buildings with a total of 6 units and all are vacant currently. 22 Benham Rd is a single-family home with 1570 square feet of livable space. 46 Benham Rd is a 1218 square foot single family home. 1 Mariani Ct is being utilized as a parking lot and generates a yearly net income of approximately $8,623.

Elementary School High School
Per Board Of Ed Elementary School Per Board Of Ed High School
Price History
4/7/2022 Listed $1,000,000
7/19/2022 10% - $900,000

General Features

Acres 1.4500
Association Amenities None
Elementary School Per Board of Ed
High School Per Board of Ed
Nearby Amenities Walk to Bus Lines
Neighborhood Groton City
New Construction Type No/Resale
Property Type Multi-Family For Sale
Status Active
Style Units on different Floors, Other
Sub Type 5 Family+
Tax Year July 2022-June 2023
Virtual Tour https://app.immoviewer.com/landing/unbranded/624f4e7dda78cd5113954111
Virtual Tour Yn Yes
Waterfront Description View
Year Built 1930
Year Built Source Approximate
Zoning FC

Interior Features

Basement Description Full
Cooling System None
Fuel Tank Location In Basement
Heat Fuel Type Oil
Heat Type Baseboard, Steam
Hot Water Description Other
Sq Ft Est Heated Above Grade 8821
Sq Ft Total 8821
Total Baths 0.00
Total Numof Units 9

Exterior Features

Driveway Type Private, Shared, Paved
Exterior Features Sidewalk
Foundation Concrete, Stone
Garage Parking Info Detached Garage
Garages Number 1
Lot Description Corner Lot
Roof Information Asphalt Shingle, Other
Sewage System Public Sewer Connected
Siding Aluminum, Other
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 06340

Price
AVG $480K
$900K
Taxes
AVG $5,750
$3,421
Visits
AVG 26
11
Year Built
AVG 1910
1930
Walkscore
AVG 44
64
Data Provided by Walkscore ® not using MLS data

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