50 Eastern Point Rd

Groton, CT 06340 Directions
$1,400,000 Sold on 02/15/2021 Sold on 02/15/2021
  • 99,026Sqft
  • 1960Built
  • $40Price/Sqft

Property Highlights

  • Neighborhood: New London Harbor / Electric Boat
  • Days on Market: 432
  • MLS: 1259076
  • Listing Closed

Property Highlights

  • Neighborhood: New London Harbor / Electric Boat
  • Days on Market: 432
  • MLS: 1259076
  • Listing Closed

Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5, 000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company's president, as EB prepares to take on a workload they have not experienced since the 1980s. "It has been a full generation since we have been producing submarines at this volume, " said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently...

Property Highlights

  • Neighborhood: New London Harbor / Electric Boat
  • Days on Market: 432
  • MLS: 1259076
  • Listing Closed

Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5, 000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company's president, as EB prepares to take on a workload they have not experienced since the 1980s. "It has been a full generation since we have been producing submarines at this volume, " said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently employing more than 17, 000 workers. The submarine-building company's number one customer is the US Navy. General Dynamics signed a $22.2 billion federal contract in December to build nine Virginia-class attack submarines through fiscal year 2023. Currently EB has approximately 6, 000 more employees than on-campus parking spots. Income information shared upon NDA signature.

Thames Parking Company, a singular asset and strong revenue generator, the parking garage directly across from General Dynamics Electric Boat, which contains approximately 300 parking spots as well as a 5, 000 sf lease-able building. The need for skilled workers at General Dynamics Electric Boat will be a top priority through the next decade, according to the company's president, as EB prepares to take on a workload they have not experienced since the 1980s. "It has been a full generation since we have been producing submarines at this volume, " said Kevin Graney, the new president of General Dynamics. For the first time in 25 years, EB is currently employing more than 17, 000 workers. The submarine-building company's number one customer is the US Navy. General Dynamics signed a $22.2 billion federal contract in December to build nine Virginia-class attack submarines through fiscal year 2023. Currently EB has approximately 6, 000 more employees than on-campus parking spots. Income information shared upon NDA signature.

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  • Additional Information
    • Electrical: 200 Amps
    • Historic?: Unknown
    • Living Area SqFt: 99,026
    • Neighborhood: New London Harbor / Electric Boat
    • Road Description: Municipal
    • Status: Sold
    • Subtype: Parking Facility
    • Type: Commercial/Business
    • Unit Count: 1
    • Year Built: 1960
    • Zoning: TC
  • Amenities
    • Business Center
    • Community Building
    • Community Hot Tub
    • Jogging Paths
    • On-Site Maintenance
    • Outdoor Pool
    • Play Ground
    • Recreation Room
    • Restaurant(s)
    • Tennis Courts
  • Interior/Exterior Features
    • Foundation: Cement Block, Concrete
    • Levels: 3
    • Stories: 3

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 09/21/2021. Listed By: Lila Delman Real Estate.

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