32 Broadway Ave - Hospitality FOR SALE


Mystic, CT 06355
$5,200,000 USD
410-315-0808
32 Broadway Ave, Mystic, CT for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/32
null | Request Cap Rate

32 Broadway Ave
Mystic, CT 06355


OVERVIEW

This property offers an incredible opportunity to own a small boutique hotel with with upscale rooftop amenities and offering great views of Mystic all while enjoying the rooftop dip pool, sun deck, dining deck and lounge along with elements for a contactless (aka low labor) business model. Located in the heart of Mystic Connecticut, a popular year round and summer resort location, this six suite property offers single and adjoining suites, use of the pool, sun and dining decks as well as the lounge. Your guests will have so many activities nearby--fine dining, tony shops, historic sites to visit and aquatic animals to see all just minutes away. The Mystic Train Station is served by Amtrak which brings potential guests from the NY Metro area, Fairfield County and the Boston Metro area totaling a large and attractive demographic of $25mm people! This boutique space is sleek, stylish and with a cool vibe in its upscale bathrooms, comfortable sleeping areas and individual decks to take in the townscape! A stunning property!

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$1,299 USD /SF

# OF ROOMS

5

PRICE/ROOM

$1,040,000 {currency}

CAP RATE

Request Cap Rate

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Avenue Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2022

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LS-5

APN/PARCEL ID

STON-000174-000019-000001

ASK ABOUT THIS PROPERTY

Donna SimmonsMott & Chace Sotheby’s International RealtyMore Info
410-315-0808

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Donna SimmonsMott & Chace Sotheby’s International RealtyMore Info
410-315-0808

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