Our mobile site is optimized for smaller screens.

TRY IT NO THANKS
PrintSave Favorite
Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 6.7% last updated on 2022-09-29

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Active
38 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 0635538 East Main Street Stonington CT 06355
QR Code
  • 5,964Square Feet
  • 0.53Acreage
  • 1893Year Built
  • ActiveMLS Status
Investment and or User opportunity in Downtown Mystic business area. Walking distance to Amtrak, downtown businesses, restaurants, etc. Minutes from I-95. First Floor entirely occupied and leased to National Wealth Management firm with a base term until 2026 and 2 5 year renewal options. Annual rent is currently +/- $75,000 with annual increases of 2.5% Second floor ( + / 3,000 SF ) currently two office suites but has potential for residential use with a special use permit under the current zone. Mystic commercial rents are stable and vacancy is low. Conversion of second floor to residential units could bring potential rental income of $60,000 or provide an owner with a seaside escape or full time residence.
Listed by Daniel Barber and Kristin A Pettazzoni of Northeast Property Group

Ask A Question

Call: 860-535-8364

Do not fill in this field:

Driving Directions

Seaboard Properties

Your Local Office

Seaboard Properties
108 Water St
Stonington CT, 06378

Office: (860) 535-8364

More Info

Basic Information

  • Broker NameNortheast Property Group
  • List Price$1,400,000
  • MLS Number170485422
  • Property TypeCommercial For Sale
  • StatusACT
  • TownStonington
  • Virtual TourView Tour
  • Commercial catagoryInvestment, Office, Other
  • ColistofficenameNortheast Property Group
  • Also for leaseNo
  • MLS StatusActive

Utilities

  • Heat SystemHeat Pump, Hot Air
  • Heating FuelElectric, Oil
  • Utilities availableElectric, Gas, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$912,800
  • Taxes$23,304
  • Tax YearJuly 2021-June 2022
  • Milrate base23
  • Milrate tax district1
  • Milrate total25.53

Building

  • FoundationConcrete
  • RoofAsphalt Shingle
  • Year Built1893
  • Building ConstructionFrame
  • AtticNo
  • Garage Spaces
  • Ceiling height8
  • Garage Parking InfoPaved
  • Square Feet5,964
  • Restrooms number of6
  • Sqft office5964
  • Stories2
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDEBARBERD, PETTAZZONK

Location

  • CountyNew London
  • LocationHighway Access, Downtown, Historic Area
  • NeighborhoodMystic
  • StateCT
  • Zip06355

Property

  • Acreage0.53
  • Lot DescriptionLevel Lot
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneYes
  • Business includedNo
  • Road Frontage DescriptionState Road
  • SwimmingpoolNo

Other

  • Documents AvailableNone
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • SubdividableYes
  • Space is leasedNo
  • Present useOffice
  • Potential useOffice - Mixed use
  • View Count7

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 2022 SmartMLS, Inc.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: