$1,400,000
$4,000,000
65.0%For more information regarding the value of a property, please contact us for a free consultation.
50 Eastern Point RD Groton, CT 06340
99,026 SqFt
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
Sold Date 02/15/21
HOA Y/N No
Abv Grd Liv Area 99,026
Year Built 1960
Annual Tax Amount $24,305
Tax Year 2019
Lot Size 1.080 Acres
Acres 1.08
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
Rooms
Basement None
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)
Total Parking Spaces 350
Garage Yes
Building
Story 3
Foundation Block, Concrete Perimeter
Sewer None
Level or Stories 3
Structure Type Masonry,Other,Steel
New Construction No
Others
Tax ID 50EASTERNPOINTRDGROT
Security Features Building Security
Acceptable Financing Assumable
Listing Terms Assumable
Financing Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 State-Wide Multiple Listing Service. All rights reserved.
Bought with Lila Delman Compass
GET MORE INFORMATION