16 Stonington Rd - Storefront FOR SALE


Mystic, CT 06355
$2,250,000 USD
203-727-2429
16 Stonington Rd, Mystic, CT for Sale
$2,250,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

NEW


16 Stonington Rd
Mystic, CT 06355


OVERVIEW

Positioned on the highly desirable corridor connecting historic downtown Mystic and Stonington, this undeveloped parcel offers a rare canvas for a landmark project. Location is key here- land with this level of visibility and proximity to Mystic's booming tourism, dining, and retail hub is virtually non-existent. A Proven Head Start. Phases 1 & 2 of environmental studies are complete, leaving only Phase 3 approvals to be finalized by the incoming developer. While the parcel contains some wetlands, the path to unlocking its full potential is clear: with the completion of Phase 3 and a standard strategy to fill and raise the site, this property will be fully primed for construction. Ideal for mixed-use or condominiums. The ongoing demand for both housing and premium commercial space in the Mystic market, the site's footprint is highly versatile. It is an idea match for luxury condominiums, tapping into the high-end coastal residential market. OR commercial retail, dining, or office spaces with upscale apartments. Seize the chance to shape the future of the Mystic-Stonington line. Bring your vision to a high-demand, high-yield location and take Phase 3 across the finish line.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

7.23 AC

LAND SF

314,938 SF

ZONING

GC-60

APN/PARCEL ID

STON-000160-000002-000003

ASK ABOUT THIS PROPERTY

Tonino MavuliSerhant CommercialMore Info
203-727-2429

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Tonino MavuliSerhant CommercialMore Info
203-727-2429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.