56 Williams Ave - Office/Residential FOR SALE


Mystic, CT 06355
$3,195,000 USD
860-912-9903
56 Williams Ave, Mystic, CT for Sale
$3,195,000 USD
Office/Residential - FOR SALE
1/12
null | Request Cap Rate

56 Williams Ave
Mystic, CT 06355


HIGHLIGHTS

  • HIGH TRAFFIC LOCATION WITH EXCELLENT SIGNAGE
  • PRIVATE REAR PARKING LOT
  • CLOSE TO HISTORIC DOWNTOWN MYSTIC, AMTRAK STATION, UNIQUE RESTAURANTS & SHOPS, DEEPWATER MARINAS

OVERVIEW

Prime Investment Opportunity in Mystic, Connecticut. Ideal 1031 Exchange Property. 100% Occupied. First Floor Triple A Office Tenant with Lease and upstairs there are 3 Apartments that are currently rented. Total Sq Ft 15,506 Sq Ft nestled on .69 manicured acres in the Heart of Historic Mystic, Connecticut on Busy Route 1. Includes 27 parking spaces. New Construction in 2020, this building is meticulously maintained and located in one of the best locations in all of Mystic. 350' of road frontage on the corner of Williams Avenue and Allen Street. Two 1 Bedroom Apartments and One 2 Bedroom Apartments are located on the second floor. The first floor is occupied by a Triple A tenant with lease. Pride of ownership is evident in this amazing property. FIRST FLOOR OFFICE: CALL FOR INCOME AND EXPENSE SECOND FLOOR APARTMENTS: Apt. 1: $2,850.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet. Apt. 2: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet. Apt. 3: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet. Owner pays: Real Estate Taxes, Building Insurance, Water, Landscaping, Snow Removal in parking lot. Please Call for further details.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

LS-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Judi CaracausaWilliam Sotheby's International RealtyMore Info
860-912-9903

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Judi CaracausaWilliam Sotheby's International RealtyMore Info
860-912-9903

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