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53 Thames Street, Groton CityGroton, CT 06340Price: $1,700,000

  • Price: $1,700,000
  • 69 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,700,000List Price
  • 1Bathrooms
  • 0.57Acreage
  • 1900Year Built
  • 1,595Square Feet

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Listed by Kyle Schrader of Berkshire Hathaway NE Prop. ((860) 333-3242)
A rare opportunity to acquire direct Thames River frontage in the heart of Groton's historic commercial corridor. 53 Thames Street offers approximately 24,829 square feet of General Commercial (GC) zoned land with an existing 1,595 SF single-story service bay structure, functional dockage, and on-site parking - all situated along one of southeastern Connecticut's most coveted waterfront stretches. Only three direct riverfront parcels have traded along Thames Street in the past twelve months, underscoring the scarcity of this asset class. The property is being offered free and clear of active tenancy, presenting immediate flexibility for an owner-user, developer, or investor seeking to capitalize on the corridor's accelerating momentum. The Groton submarket is experiencing sustained growth driven by the expanding operations of Electric Boat - a division of General Dynamics - and its deep contractor supply chain, generating demand for marine commercial, hospitality, food and beverage, and mixed-use development along the waterfront PROPERTY IS BEING OFFERED AS-IS ONLY

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