Address
468 Main St, Groton, MA
Price
$ 2,100,000
Property Attributes
  • MLS#73199926
  • TypeLand
  • CountyMIDDLESEX
  • CityGroton
  • AreaGroton
  • Zip01450
  • StyleRolling Slope,Wooded,Cleared
  • Taxes$ 4195
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

Offering a unique opportunity for investor or owner-use or possible 1031 exchange. This property boasts over 526 feet of commercially zoned frontage on Rt 111, Main Street in beautiful Groton w/very high traffic counts. The property includes 4.5 acres zone General Business & 1.5 acres of residential zoned land, totaling 6.0 acres. Positioned opposite a thriving retail & office plaza, the land is nestled just outside the picturesque ctr of Groton along Rt 111, a key artery for commuters heading to Route 495. The potential for development includes 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. Existing home on property is in use & past restaurant building is to be razed. This is an outstanding commercial property w/public water & sewer rarely available.

Price History
2/6/2024 Listed $2,100,000

General Features

Sewer Public Sewer,At Street
Zoning B1
Gas Y/N At Street
Electric At Street
Tax Year 2023
County Middlesex
Property Type Land
HOA / Comm Assn No
Status Active
Directions Main Street is Route 111
City Groton
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.
Senior Community Y/N No
MLS Area Groton
Lot Size Square Feet 261360
Waterfront Y/N No
Street Name Main St
Tax Annual Amount 4195
Home Warranty Y/N No
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 680900
Compensation Based On Gross/Full Sale Price
Sub-Agency Relationship Offered No

Exterior Features

Lot Features Rolling Slope,Wooded,Cleared
Water Source Public,At Street
Lot Size Area 6
Lot Size Acres 6
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type Public
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 01450

Price
AVG $1.28M
$2.1M
Taxes
AVG $3,700
$4,195
Visits
AVG 265
176
Data Provided by Inside Real Estate®

Areas We Cover