NOMADEReal Estate

$1,500,000

Active

231 Gungywamp Road

Groton, Connecticut, 06340 · New London County

0

Sq Ft

MLS # 24167590

0

Property Type

Lots and Land For Sale

Lot Size

13.41

Class

Property

About This Property

Attention Developers, Builders, Entrepreneurs, and Investors potentially developable land in much sought-after Town of Groton. Discover a one-of-a-kind development opportunity in the heart of Groton, CT, with this expansive 13.41-acre property showcasing a historic A-Frame chapel and community center. Situated within a residential area and zoned RU-20, this property is primed for development, or a creative range of possibilities. Features include an A-Frame chapel and community center spanning over 20,000 SF. Strategic location: Nestled in a sought-after residential area and close to major employers such as General Dynamics, this site offers convenience and accessibility. Versatile Zoning & Potential: With its RU-20 zoning, the property opens doors to various residential projects. ALSO, this property is the perfect location for a Recreational Facility, Wellness Spa, or a Physical Rehabilitation campus (with town approval) - time to get creative! The owner is willing to do a joint venture or Seller Financing and welcomes creative offers from developers or investors ready to unlock the full potential of this remarkable property.

Property Details

231 Gungywamp Road, Groton Connecticut 06340 — Lots and Land For Sale listed at $1,500,000.

At a Glance

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Bedrooms

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Bathrooms

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Sq Ft

13.41

Lot Size

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Garage

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Year Built

The Details

Property TypeLots and Land For Sale
NeighborhoodNew London
Address231 Gungywamp Road
MLS Number24167590
Lot Size13.41
Water SourcePublic Water In Street

Property Details

Availability & Terms

Acceptable FinancingOwner Financing
Occupied ByVacant
Possession AvailabilityASAP

Financial

Assessed Value331800
Mil Rate Total25.19
Property Tax8358
Tax YearJuly 2025-June 2026

Location & Community

DirectionsRt 12 to Gungywamp Road or GPS
Elementary SchoolCharles Barnum
High SchoolPer Board of Ed
Intermediate SchoolPer Board of Ed
LocationHighway Access,Suburban,Park
Middle Jr High SchoolPer Board of Ed
Nearby AmenitiesMedical Facilities,Park
NeighborhoodCenter Groton

All Photos (13)

Affordability Calculator

$1,500,000

Down Payment$300,000
Loan Amount$1,200,000
Principal & Interest$7,585/mo
Property Tax$1,500/mo
Insurance$100/mo
Est. Monthly$9,185/mo

Listing Agent

J

John Tarducci

William Raveis Real Estate

Contact John Tarducci

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Quick Facts

StatusActive
TypeLots and Land For Sale
ClassProperty
MLS #24167590
Last Updated2026-05-06