50 Eastern Point Road, Groton, CT 06340

$4,000,000
99,026
SqFt
List Price
$4,000,000
MLS#
RIS-1259076
Status
ACTIVE UNDER CONTRACT
County
New London
City
Groton
Subdivision
New London Harbor / Electric Boat
Living Area
99,026
Acres
1.08

Property Description

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.

Additional Information

Days on Market
96
Year Built
1960
Stories
3
Amenities
Business Center, Maintenance, Playground, Pool, Recreation Facilities, Restaurant, Recreation Room, Spa/Hot Tub, Tennis Court(s), Trail(s)
Pool Description
Community, Outdoor Pool
Parking Spaces
350

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Lila Delman Real Estate.

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