Commercial: MLS #24003536 Stonington, CT $ 1,650,000
Commercial: MLS #24003536
$ 1,650,000
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Commercial: MLS #24003536

Stonington, CT, 06355
$ 1,650,000
Baths0.0 Sq 8,831

Monthly Estimate*

$ 10,966

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Studio

Commercial Property for sale in Stonington, CT

for $1,650,000. This 8,831 square foot building was built in 1988.

Class A Building with Absolute NNN leases! GORGEOUS NNN INVESTMENT PROPERTY FOR SALE IN DOWNTOWN MYSTIC. "The Anchor Building" has been extensively renovated inside and out in 2024 and is 100% leased, yet still has enormous value add potential (undeveloped land, top floor can be converted into a 1,350 sqft tenth unit, and rooftop cell tower opportunities all boost income substantially). Enjoy cashflow stability from Mystic's thriving Downtown economy and minimal landlord responsibilities with NNN leases. Utilities are metered separately and paid by tenants. Less than a one minute walk to the Mystic Train Station and a five minute walk to the famous Mystic Bascule Bridge! Investment grade real estate in Mystic (named the 4th best travel destination in the U.S.) doesn't come on the market often and doesn't stay for long, so don't miss out on this opportunity to own a piece of Mystic's Historic and Ever Popular Downtown Community! Energy efficient building with high end solar panels, flood proof design with a raised foundation, a hurricane proof awning, and a 24k gold leaf anchor sign! Cell tower value add opportunity and 4th floor buildout value add opportunity along with the value add opportunity of developing the land next door that belongs to this property presents various various means to huge upside for any investor not to mention Mystic's huge market growth potential to be the next Newport, Rhode Island. Building was fully renovated in 2024.

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Commercial Pending

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial For Sale

Year Built

1988

Town/City

Stonington

MLS | Web ID

24003536

Features
General
Zoning Office Bldg
Year Built 1988
Neighborhood N/A
Heater Type Heat Pump
County New London
Present Use Office
Tax Year July 2021-June 2022
Location Downtown
Property Type Commercial For Sale
Status Under Contract
Directions Broadway Avenue Extension is off of Roosevelt Ave directly across the Mystic Train station tracks.
City Stonington
Street Name Broadway Ave Ext
Sq Ft Total 8831
DOM 426
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Interior
Cooling System Ductless Window Unit
Utilities Available Electric Gas Cable
Total Number of Units 9
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Exterior
Water Source Public Water Connected
Garage Parking None
Lot Description Cleared
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* Excluded Features
List By
Zach Pranger

Listing Agent

Group Realty Llc

Broker

zachary@eastcoastgrouprealty.com

Email

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$10,966
Per Month
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Monthly Principal & Interest
$10,966
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
899581 Elementary School
895635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$1,650,000 Listed Price

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