Unique opportunity for investor, owner-use and possible 1031 exchange. This property boasts over 526 feet of commercially zoned frontage on Rt 111, Main Street in beautiful Groton. The property includes 4.5 acres zone General Business & 1.5 acres of residential zoned land, totaling 6.0 acres Public water and sewer Positioned opposite a thriving retail & office plaza. Very high traffic counts. Land is nestled just outside the picturesque ctr of Groton along Rt 111, a key artery for commuters heading to Route 495. Development options include a multitude of business uses by right or by Special Permit. Allowed uses include: retail, restaurant, take out, auto repair, car wash, craft manufacturing, commercial recreation, R&D warehouse, hotel, veterinary, medical, theater, limited multi-family, contractor’s yard, and more. Disclosures: Existing 2 Family on property, exist Restaurant to be razed. Parcels consist of M:216, B99, M216 L98, M216 L101. 468 - 478 Main Street, Groton
| Property Type | Redevelopment Land |
|---|---|
| Property Use | Other Commercial |
| Zoning | General Business |
| Listing ID | 5H8269 |
| Style | Other Style |
| Lot Size | 6 AC |
Zoning Description: PARTIAL LIST OF ALLOWED USES IN THE GENERAL BUSINESS (GB) ZONE See Groton Zoning By-law for clarification and confirmation (note that 4.5 acres of land is within GB Zone, 1.5 acres of land is in RA): ALLOWED BY RIGHT: Residential Single Family and Two Family Retail up to 10,000 SF Repair Shop - Light Take Out - up to 2500 SF - no drive thru Office Medical / Dental ALLOWED BY SPECIAL PERMIT: Multi-Family (See 218-9.3 A thru C) Retail > 10,000 SF Take Out - > 2500 SF - no drive thru Restaurant Health Care Clinic + Veterinary Kennel Funeral Home Hotel / B&B Theater / Cinema Commercial Recreation > 2500 SF Auto Part Retail & Install Auto Repair / Auto Body Repair Car Wash Research & Development Facility or Campus Contractor's Shop and/or Yard