Price Reduced 4.55%

$8,400,000

Est. Mortgage $41,924/mo *

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Price History

$8,800,000
7/11/2024

$8,400,000
12/6/2024

3 Pearl Street, Groton, (Mystic), CT, 06355

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1843

10,065 sqft

Incredible investment opportunity with over half an acre located in the heart of Downtown Mystic, steps away from the Historic Draw Bridge. Now a resort style property, all four buildings at 3 and 5 Pearl Street are being offered together to create this 0.525 Acre package, a perfect addition to your investment portfolio, with NNN leases and an extensive renovation adding high end amenities and cost saving upgrades inside and out ensures bare minimum landlord responsibilities and no deferred maintenance. This parcel offers a unique opportunity for redevelopment of one of the largest parcels of land in Downtown Mystic, named a top tourist destination in the U.S. *The Owner is a Connecticut Real Estate Broker Licensee

Status:

Active

Town:

Groton

Type:

Commercial

Units:

Zoning:

MDD

Frontage:

Municipal Street

Heating:

Baseboard, Gas on Gas, Heat Pump

Cooling:

Ductless, Window Unit

Est. Taxes:

$9,675

Assessment

$382,620

Current Use

Residential, Retail, Hospitality, Short Term Rentals

Permitted Use

Redevelopment, Hotel, Pool

Utilities

Electric,Gas

Lot Description:

N/A

Days on Market:

187

MLS #:

24032022

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Price History

3 Pearl Street, Groton, (Mystic), CT, 06355

Community Info

School Info

Walk Score

Mass Transit

Yelp

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3 Pearl Street, Groton, (Mystic), CT, 06355

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