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
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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