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53 Thames St - Thames Street Marina 1,595 SF Specialty Building Offered at $2,000,000 in Groton, CT 06340
Executive Summary
A rare opportunity to acquire direct Thames River frontage in the heart of Groton's historic commercial corridor. 53 Thames Street offers approximately 24,829 square feet of General Commercial (GC) zoned land with an existing 1,595 SF single-story service bay structure, functional dockage, and on-site parking — all situated along one of southeastern Connecticut's most coveted waterfront stretches.
Only three direct riverfront parcels have traded along Thames Street in the past twelve months, underscoring the scarcity of this asset class. The property is being offered free and clear of active tenancy, presenting immediate flexibility for an owner-user, developer, or investor seeking to capitalize on the corridor's accelerating momentum.
The Groton submarket is experiencing sustained growth driven by the expanding operations of Electric Boat — a division of General Dynamics — and its deep contractor supply chain, generating demand for marine commercial, hospitality, food and beverage, and mixed-use development along the waterfront.
AS-IS SALE ONLY
POTENTIAL USES INCLUDE
Mixed-Use Development
Waterfront Restaurant / Bar
Professional / Business Offices
Artist Studios & Galleries
Micro-Brewery / Distillery / Winery
Marine Retail / Boat Sales & Services
Waterfront Hotel, Motel, or Boutique B&B
Only three direct riverfront parcels have traded along Thames Street in the past twelve months, underscoring the scarcity of this asset class. The property is being offered free and clear of active tenancy, presenting immediate flexibility for an owner-user, developer, or investor seeking to capitalize on the corridor's accelerating momentum.
The Groton submarket is experiencing sustained growth driven by the expanding operations of Electric Boat — a division of General Dynamics — and its deep contractor supply chain, generating demand for marine commercial, hospitality, food and beverage, and mixed-use development along the waterfront.
AS-IS SALE ONLY
POTENTIAL USES INCLUDE
Mixed-Use Development
Waterfront Restaurant / Bar
Professional / Business Offices
Artist Studios & Galleries
Micro-Brewery / Distillery / Winery
Marine Retail / Boat Sales & Services
Waterfront Hotel, Motel, or Boutique B&B
Property Facts
| Price | $2,000,000 | Building Class | B |
| Price Per SF | $1,253.92 | Building Size | 1,595 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1900 |
| Property Subtype | Marina | ||
| Zoning | GC - GC-General Commercial | ||
| Price | $2,000,000 |
| Price Per SF | $1,253.92 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Building Size | 1,595 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Zoning | GC - GC-General Commercial |
Amenities
- Waterfront
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | GROT-001689-001422-008906 | Improvements Assessment | $51,303 |
| Land Assessment | $302,547 | Total Assessment | $353,850 |
Property Taxes
Parcel Number
GROT-001689-001422-008906
Land Assessment
$302,547
Improvements Assessment
$51,303
Total Assessment
$353,850
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53 Thames St - Thames Street Marina
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