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27 Broadway Avenue, MysticStonington, CT 06355MLS Number 170379335

  • Price: $1,400,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 2.93% last updated on 2021-06-17

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  • 3,973Square Feet
  • 0.27Acreage
  • 1900Year Built
  • ActiveMLS Status
INVESTORS TAKE NOTICE! LOCATION, LOCATION, LOCATION! Downtown Mystic! Excellent income producing investment property in rapidly developing part of town. Fully leased with healthy annual net profit. Seller would be interested in a lease back for 12 months. Former restaurant on premises. Many potential uses in LS-5 Zone. Currently a salon/spa with generous reception area , 6 treatment rooms and half bath. Additionally, there is a separate boutique with half bath and another retail shop with shared bath in spa area. 2 one bedroom apartments on 2nd floor are completely remodeled . 15 coveted parking spaces in rear lot. Well maintained building with hardy board siding and 3 year old roof. Entire building was gutted and remodeled in 2007. Renovation includes energy efficient windows, bamboo flooring, new plumbing and electrical and heating systems, whole building water filtration system and hot water on demand throughout. Central air throughout 1st floor areas. Professionally landscaped with lovely gardens and a patio. Additional 924 sq. ft. walk up attic space waiting to be finished. Steps from train station, restaurants, shops, Rt. 27 and I95. Great visibility and foot traffic. Also listed in MLS as Multi-Family For Sale MLS# 170400323
Listed by Cheryl C Christopher of RANDALL, REALTORS-Christie's

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Call: 860-535-8364

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Basic Information

  • Broker NameRANDALL, REALTORS-Christie's
  • List Price$1,400,000
  • MLS Number170379335
  • Property TypeCommercial For Sale
  • StatusACT
  • TownStonington
  • Commercial catagoryInvestment
  • Also for leaseNo
  • MLS StatusActive

Interior

  • Handicap FeaturesHandicap Parking, Ramps
  • Interior featuresHandicap Design, Living Space Available, Public Restrooms, Window Display

Exterior

  • Exterior features
    • Awnings
    • Door Sign
    • Gutters
    • Lighting
    • Pole Sign
    • Sidewalk
    • Underground Utilities

Utilities

  • Heat SystemBaseboard, Hot Air, Zoned
  • Heating FuelPropane
  • Utilities availableElectric Available, Phone Available, Cable Available
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Window Unit
  • Septic approvalNo
  • Electric Amperage200
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected
  • Electric Num of Services4

Tax Information

  • Assessed value$552,900
  • Taxes$13,894
  • Tax YearJuly 2020-June 2021
  • Milrate base23
  • Milrate tax district1
  • Milrate total25.13

Building

  • FoundationBlock
  • RoofAsphalt Shingle
  • Year Built1900
  • Building ConstructionFrame, Other
  • AtticNo
  • Garage Spaces
  • FlooringCeramic Tile, Wood
  • Garage Parking InfoPaved, Off Street Parking, Parking Lot
  • Square Feet3,973
  • Restrooms number of4
  • Sqft office1539
  • Sqft residential1600
  • Sqft retail834
  • Stories2
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDCHRISTOCH,

Location

  • CountyNew London
  • LocationDowntown
  • NeighborhoodMystic
  • StateCT
  • Zip06355

Property

  • Acreage0.27
  • Lot DescriptionLevel Lot
  • Parking Spaces15
  • Parking spaces covered
  • Parking spaces uncovered15
  • Parking spaces per 1000sqft
  • FloodzoneYes
  • Business includedNo
  • Road Frontage DescriptionMunicipal Street, Paved Road
  • SwimmingpoolNo

Amenities

  • Other AmenitiesGarden

Other

  • ExclusionsRefrigerator in spa kitchen
  • Documents AvailableLead Disclosure
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Space is leasedNo
  • Present useDay Spa /Retail/Apartments
  • Potential useRetail/Salon/Office/Dining/Res

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.

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