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    50 Eastern Point Road

    Groton, CT 06340
    • $4,000,000
    • STATUS: Active Under Contract
    • MLS #: 1259076
    Under Contract
    UPDATED: 40 min ago
    $4,000,000
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 99,026
      SQFT
    • $40
      $/SQFT
    Type:
    Commercial
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5,000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company's president, as EB prepares to take on a workload they have not experienced since the 1980s. "It has been a full generation since we have been producing submarines at this volume," said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently employing more than 17,000 workers. The submarine-building company's number one customer is the US Navy. General Dynamics signed a $22.2 billion federal contract in December to build nine Virginia-class attack submarines through fiscal year 2023. Currently EB has approximately 6,000 more employees than on-campus parking spots. Income information shared upon NDA signature.

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    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Westcott Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Westcott Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-19T10:37:37.223.
    www.westcottproperties.com/homes/107914324
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    50 Eastern Point Road Groton, CT 06340

    • Price: $4,000,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • MLS #: 1259076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    99,026
    SQFT
    $40
    $/SQFT
    1960
    Built
    Neighborhood:
    New London Harbor / Electric Boat
    County:
    New London
    Area:
    Groton
    Property Description
    Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5,000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company's president, as EB prepares to take on a workload they have not experienced since the 1980s. "It has been a full generation since we have been producing submarines at this volume," said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently employing more than 17,000 workers. The submarine-building company's number one customer is the US Navy. General Dynamics signed a $22.2 billion federal contract in December to build nine Virginia-class attack submarines through fiscal year 2023. Currently EB has approximately 6,000 more employees than on-campus parking spots. Income information shared upon NDA signature.
    Exterior Features

    Construction Materials MasonryOtherSteel Siding Foundation Details BlockConcrete Perimeter Garage YN Yes Parking Total 350

    Interior Features

    Basement None Basement YN No

    Property Features

    Association Amenities Business CenterMaintenancePlaygroundPoolRecreation FacilitiesRestaurantRecreation RoomSpa/Hot TubTennis Court(S)Trail(S) Association Fee 0 Community Features Business CenterClubhouseGolfHighway AccessMarinaNear HospitalNear SchoolsPlaygroundPoolPublic TransportationRecreation AreaRestaurantShoppingTennis Court(S)Trails/Paths Electric 200+ Amp Service Land Lease YN No Listing Terms Assumable Operating Expense 0 Pool Features CommunityOutdoor Pool Property Sub Type Commercial Road Frontage Type City Street Security Features Building Security Sewer None Spa Features Community Tax Annual Amount 24305 Tax Assessed Value 1005600 Tax Lot 957 Tax Year 2019 Zoning Tc

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Lila Delman Real Estate.





    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Westcott Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Westcott Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-19T10:37:37.223.
     
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