Overview

Description

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

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

Documents

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