Groton, CT 06340,50 Eastern Point RD
Groton, CT 06340,50 Eastern Point RD
Groton, CT 06340,50 Eastern Point RD
4
$1,400,000
$4,000,000
65.0%
Est.Price: ?

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99,026 SqFt

50 Eastern Point RD Groton, CT 06340

Est. payment /mo
SOLD DATE : 02/15/2021

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,400,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 99,026 sqft

Price per Sqft $14

Subdivision New London Harbor / Electric Boat

MLS Listing ID 1259076

Year Built 1960

Annual Tax Amount $24,305

Tax Year 2019

Lot Size 1.080 Acres

Property Sub-Type Commercial

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.

Location

State CT

County New London

Community New London Harbor / Electric Boat

Zoning TC

Exterior

Pool Community

Community Features Business Center, Clubhouse, Golf, Highway Access, Marina, Maintenance On-Site, Near Hospital, Near Schools, Playground, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Trails/Paths

Utilities Available Sewer Not Available

Amenities Available Business Center, Maintenance, Playground, Pool, Recreation Facilities, Restaurant, Recreation Room, Spa/Hot Tub, Tennis Court(s), Trail(s)

Building

Story 3

Foundation Block, Concrete Perimeter

Sewer None

Structure Type Masonry,Other,Steel

New Construction No

Others

Acceptable Financing Assumable

Listing Terms Assumable

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Listed by Lila Delman Compass
Bought with Lila Delman Compass
Eric Coury

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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