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50 Eastern Point RD Groton, CT 06340
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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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Bought with Lila Delman Compass

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