Groton, CT
Commercial Real Estate Market Trends & Data

$328 Avg asking sale price
$22 Avg asking lease rate
6,684 SF Avg unit lease size
12,786 SF Avg building size for sale
8.06% Average cap rate

Groton's Demographic Profile

Groton has 16,271 households and a median income of $77,248, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 39,093
# Households 16,271
Median age 38
Median household income $77,248
Avg household size 2.0
Renter-occupied housing units 8,058
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Groton, CT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Groton $305 20,729 SF 13.00%
New London $134 21,791 SF 13.00%
Waterford $204 20,775 SF 13.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Groton $257 13,029 SF 10.00%
New London $252 18,773 SF 10.00%
Waterford $42 35,385 SF 10.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Groton $215 26,654 SF
New London $133 28,530 SF
Mystic $371 32,419 SF
Stonington $252 9,908 SF
Waterford $144 27,420 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Groton $356 22,534 SF 9.35%
New London $159 21,913 SF 9.35%
Waterford $246 22,549 SF 7.19%
Niantic $982 5,599 SF 6.40%

Commercial Properties For Sale in Groton

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

44 Williams Ave

Mystic, CT 06355

  • 6,411 SF Multifamily
  • $2,550,000
For Sale

Broadway Avenue Hotel

Mystic, CT 06355

  • 4,002 SF Hospitality
  • 9.58% Cap Rate
  • $5,050,000
For Sale

24-26 Montauk Ave

New London, CT 06320

  • 13,229 SF Retail Building
  • 6.91% Cap Rate
  • $599,000
For Sale

41-51 Linden St

New London, CT 06320

  • 8,268 SF Multifamily
  • 7.19% Cap Rate
  • $1,500,000
For Sale

Crocker House

New London, CT 06320

  • 102,103 SF Multifamily
  • 5.80% Cap Rate
  • $13,000,000
For Sale

Bennedito's

Groton, CT 06340

  • 1,423 SF Retail Building
  • $585,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Groton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Groton $328 12,786 SF
New London $206 13,568 SF
Mystic $727 14,841 SF
Stonington $359 8,095 SF
Waterford $215 14,490 SF

Multifamily Properties For Sale in Groton

For Sale

Crocker House

New London, CT 06320

  • 102,103 SF Multifamily
  • 5.80% Cap Rate
  • $13,000,000
For Sale

147 Bank St

New London, CT 06320

  • 7,800 SF Multifamily
  • 5.67% Cap Rate
  • $1,350,000

Regional Demographic Comparison

This comparison places Groton alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Groton or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New London 27,359 10,473 34 $53,294 2 6,792 -1%
Stonington 19,071 8,398 52 $99,842 2 2,390 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Groton, CT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Groton

View All Commercial Real Estate For Sale in Groton
Is Groton a good market for a first-time commercial real estate investor?

Groton offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Groton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Groton. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Groton?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Groton. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Groton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Groton. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Groton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Groton, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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