

+/- 17 AC Residential Development Opportunity
Land | 17 acres
Marketing description
Offered for sale is a four-parcel assemblage totaling approximately +/- 17 acres located off Mardie Lane and Grove Avenue in Groton, Connecticut.
A conceptual residential subdivision plan (conceptualized but not approved) has been prepared illustrating the potential for approximately 25 single-family residential building lots, together with designated open space and stormwater areas. The site offers multiple points of access, scale, and frontage suitable for residential development, subject to all municipal and regulatory approvals.
Asking Price: $1,000,000 (approximately $40,000 per conceptual lot)
Groton continues to benefit from long-term investment and hiring at General Dynamics Electric Boat, which is executing a multi-year expansion tied to Columbia and Virginia Class submarine programs. This sustained employment growth has placed continued pressure on local housing supply, particularly within commuting distance of Groton, New London, and surrounding shoreline communities.
Conceptual plans are for illustrative purposes only and are not approved. Buyer to independently verify zoning, yield, wetlands, utilities, access, and development feasibility.
Investment highlights
Total Land Area: +/- 17 acres
Parcels: 4
Zoning: Primarily Town of Groton R-12
Conceptual Yield: 25 residential lots (not approved)
Access: Mardie Lane & Grove Avenue
Price: $1,000,000
Price per Conceptual Lot: $40,000
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