www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29108507
29108508

Mardie Ln, Groton, CT 06340

JG
CT 0805707
Londregan Commercial Real Estate Group
Listed by Londregan Commercial Real Estate Group
$1,000,000
174 days on market
Updated 87 days ago

+/- 17 AC Residential Development Opportunity

Details
Property Type Land
Sub Type Residential
Acreage 17.000
Zoning R-12

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

  1. Total Land Area: +/- 17 acres

  2. Parcels: 4

  3. Zoning: Primarily Town of Groton R-12

  4. Conceptual Yield: 25 residential lots (not approved)

  5. Access: Mardie Lane & Grove Avenue

  6. Price: $1,000,000

  7. Price per Conceptual Lot: $40,000

Listing Contacts

JG
CT 0805707
Londregan Commercial Real Estate Group
Listed by Londregan Commercial Real Estate Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
R-12 ResidentialTwo FamilyResidential 12000 Square Feet
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 125 uses
View all 125 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591