32 Broadway Ave - Hospitality FOR SALE


Mystic, CT 06355
$5,050,000 USD
203-727-2429
32 Broadway Ave, Mystic, CT for Sale
$5,050,000 USD
Hospitality - FOR SALE
1/51
null | 9.58% Cap Rate

32 Broadway Ave
Mystic, CT 06355


HIGHLIGHTS

  • Dedicated paved off-street parking lot 10–13 vehicles
  • Modern construction with individual high-efficiency HVAC climate zones
  • Private rooftop amenity deck with communal sun lounge, outdoor dining area, and dip pool with panoramic townscape views
  • Fully furnished, turnkey luxury accommodations

OVERVIEW

Fully furnished, turnkey luxury accommodations — ready for day-one revenue Private rooftop amenity deck with communal sun lounge, outdoor dining area, and dip pool with panoramic townscape views Modern construction with individual high-efficiency HVAC climate zones does a commercial asset of this caliber reach the market in the historic heart of downtown Mystic. Positioned just 0.1 miles from the Mystic Amtrak Station, this turnkey property delivers direct, car-free rail access for guests traveling from New York City and Boston — a built-in demand driver for hospitality and short-term rental operators. The asset is pre-zoned LS-5 for hospitality and hotel use, enabling immediate STR or hotel operation with no entitlement or rezoning risk. It presents a rare value-add and stabilized-income opportunity for boutique hotel operators, STR investors, and residential developers alike. Dedicated paved off-street parking lot (10–13 vehicles) — a scarce and value-additive amenity in downtown Mystic Centrally located in one of New England's most desirable and rapidly appreciating coastal destinations, the property benefits from strong year-round tourism, a supply-constrained lodging market, and sustained appreciation along the Connecticut shoreline.

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$1,262 USD /SF

# OF ROOMS

6

PRICE/ROOM

$841,667 {currency}

CAP RATE

9.58%

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

2026

PARKING SPACES

13

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

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203-727-2429

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203-727-2429

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