3 Pearl Street

Groton, CT 06355 Directions
$8,400,000
  • 10,065Sqft
  • 1843Built
  • $835Price/Sqft

Property Highlights

  • Neighborhood: Mystic
  • Days on Market: 292
  • MLS: 24032022

Property Highlights

  • Neighborhood: Mystic
  • Days on Market: 292
  • MLS: 24032022

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...

Property Highlights

  • Neighborhood: Mystic
  • Days on Market: 292
  • MLS: 24032022

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

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

Read MoreRead Less
  • Additional Information
    • Area Type: Downtown
    • Is Occupied?: Tenant
    • Living Area SqFt: 10,065
    • Neighborhood: Mystic
    • Present Use: Residential, Retail, Hospitality, Short Term Rentals
    • Property Tax: $9,675
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $9,675
    • Unit Count: 12
    • Utilities Available: Electric, Gas
    • Year Built: 1843
    • Zoning: MDD
  • Interior Features
    • Air Conditioning: Ductless, Window Unit
    • Cooling: Ductless, Window Unit
    • Furnace Type: Bottle Gas, Electric
    • Heat: Bottle Gas, Electric
    • Heat Fuel: Bottle Gas, Electric
    • Living SqFt Source: Public Records
    • Stories: 2
  • Exterior Features
    • Roof: Asphalt Shingle
William Pitt / Julia B. Fee Sotheby's International Realty
  • +1 860 536 5900

Mystic Brokerage

41 Williams Avenue
Mystic, CT 06355

Listing Courtesy of Zach Pranger of Group Realty LLC.

Click to view full screen