THE OFFERING POSSIBLE CONDO CONVERSION IN THE HEART OF DOWNTOWN MYSTIC The Opportunity at a Glance PROPERTY ADDRESS 12 Water Street. Mystic, CT SQUARE FEET 60,143 LOT SIZE 1.61 AC NUMBER OF UNITS 43 RES / 6 COMM ASKING PRICE $20,000,000 ZONING MDD 60,143 SF mixed-use building on 1.61 waterfront acres — 0.2 miles from the Mystic Drawbridge •MDD zoning supports residential conversion by-right; Multi-Unit Dwelling Conversion via Special Permit •Two recently completed luxury condo projects in the immediate submarket — both fully absorbed •Demonstrated market pricing: $624–$1,171/SF, with Central Hall averaging ~$997/SF at sellout •Adaptive reuse is the path of least resistance — encouraged by zoning, supported by precedent • Margaritas space can be developed as 6 More potential residential units Offered at $20,000,000 AS-IS SALE ONLY