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27 Broadway Avenue, MysticStonington, CT 06355MLS Number 170400323

  • Price: $1,400,000The price has recently decreased
  • Est. Mortgage of $/month
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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
  • 5Units
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 as Commercial For Sale MLS#170379335.
Listed by Cheryl C Christopher of RANDALL, REALTORS-Christie's

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Call: 860-535-8364

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Basic Information

  • StatusACT
  • List Price$1,400,000
  • Square Feet3,973
  • HoaNo
  • Lease purchaseNo
  • Units5
  • Property subtypeOther
  • Property TypeMulti-Family For Sale
  • Acreage0.27
  • MLS Number170400323

Property

  • Lot DescriptionLevel Lot
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneYes
  • SwimmingpoolNo
  • Building ConstructionFrame

Water Body

  • Waterfront DescriptionNot Applicable

Tax Information

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

Building

  • Year Built1900
  • Garage Spaces15
  • Energy FeaturesExtra Insulation, Programmable Thermostat, Thermopane Windows
  • FoundationBlock
  • Garage Parking InfoPaved, Driveway, Parking Lot
  • New construction typeNo/Resale
  • AtticYes
  • Attic descriptionWalk-up
  • BasementFull With Hatchway, Concrete Floor, Interior Access, Sump Pump

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Wall Unit
  • Hot water descriptionOther
  • Heating FuelPropane
  • Fuel tank locationIn Ground
  • Heat SystemBaseboard, Hot Air, Zoned
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Rooms

  • Laundry room infoBasement Hook-Up(s)

Location

  • StateCT
  • Zip06355
  • CountyNew London
  • NeighborhoodMystic
  • Junior HighPer Board of Ed
  • Middle Junior High SchoolPer Board of Ed

Interior

  • Handicap FeaturesHandicap Parking, Ramps
  • RoofAsphalt Shingle

Exterior

  • ColorGreen
  • Exterior featuresAwnings, Gutters, Lighting, Patio, Sidewalk
  • Exterior sidingWood, Other

Amenities

  • Amenities
    • Health Club
    • Library
    • Medical Facilities
    • Park
    • Public Transportation
    • Shopping/Mall

Auction

  • Bank owned propertyNo

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo

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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