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Property Description
520 Thames Street presents a rare opportunity to acquire a highly functional, strategically located office asset in the heart of southeastern Connecticut’s most dynamic employment corridor. Situated directly across from General Dynamics Electric Boat, the region’s largest and most stable economic driver, this three-story, 10,510 square foot building offers a compelling investment profile for both owner-users and investors alike. With 9,575 square feet of professional office space and an additional 935 square feet of dry storage, the property is ideally suited for medical, governmental, or professional tenants seeking proximity to the submarine manufacturing hub and surrounding institutional employers such as Pfizer and Lawrence + Memorial Hospital. The building’s durable construction-steel frame, brick masonry, and clear-span floor plates-along with 35 off-street parking spaces, sets it apart in a market with limited high-quality inventory. Recent growth at Electric Boat, including billions in federal contracts and site expansions to support over 15,000 employees, continues to drive robust demand for nearby office space. With updated lease rate assumptions, stable income potential, and favorable zoning, 520 Thames Street offers immediate value and long-term upside through targeted lease-up and minor cosmetic improvements.
Features
Heating System:
Hot Air
Cooling System:
Central Air
Foundation Type:
Concrete
Heat Fuel Type:
Oil
Exterior Features:
Sidewalk
Fireplaces Total:
0
Parking Total Spaces:
35
Location:
Highway Access, Downtown
Lot Description:
Dry, Corner Lot
Water Source:
Public Water Connected
Address Map
Street:
Thames
Street Number:
514
Floor Number:
0
Longitude:
W73° 55′ 12.5”
Latitude:
N41° 20′ 58.5”
MLS Addon
Office Name:
Seaport Real Estate Services
Agent Name:
Andrew O’Reilly
List Agent MLSID:
843844
List Office MLSID:
SPPW60
Tax Year:
July 2025-June 2026
Directions:
GPS Friendly, Parking Lot in the Back
HOA Fee Amount:
$0
Parcel Number:
1949854
Property Tax:
$7,018
Zoning:
GC

Commercial For Sale

514 Thames, Groton, 06340

0 Bedrooms
0 Bathrooms
10,510 Sqft
$1,050,000
Listing ID #24123804
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24123804
Price :
$1,050,000
Bedrooms :
0
Bathrooms :
0
Half Bathrooms :
0
Square Footage :
10,510 Sqft
Year Built :
1981
Lot Area :
0.34 Acre
City:
Groton
Zipcode:
06340
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…