Prime Industrial/Technology Zoned Land - 435 Thames St, Groton, CT A unique opportunity awaits with this commercially zoned I/T (Industrial/Technology) land parcel, ideally located in the heart of Groton. Situated along Thames Street, this property boasts 175 feet of frontage on Thames St and an impressive 240 feet of frontage along the Thames River, offering not only excellent visibility but also potential waterfront access for future development. Located within walking distance to Pfizer and Electric Boat, this parcel is perfectly positioned for businesses looking to partner with or support these major employers in the area. The I/T zoning allows for a variety of uses, including manufacturing, technology development, and industrial facilities, making it an ideal investment for forward-thinking businesses. Key Features: Zoning: I/T (Industrial/Technology) Frontage: 240 ft along the Thames River and 175 ft along Thames Street Location: High-traffic area, minutes from downtown Groton. Land Size: 1. 01 Utilities: Ready for development with access to public utilities including water, sewer, and electricity. Proximity: Easy access to I-95, New London, and major shipping routes. Walkable to Pfizer and Electric Boat, two of the region's largest employers. With its strategic location near major industries, significant river and street frontage, and easy access to transportation hubs, this property is an outstanding opportunity to support Groton's growing industrial
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,908 | $7,486 | $10,045 |
Total Monthly Payment | $7,033 | $7,611 | $10,170 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.