3 Pearl St, Mystic, CT 06355
10,100 SF | 100% Leased | Retail Building | Mystic, CT 06355 | $8,800,000 ($871/SF) | 8.40% Cap Rate
For Sale
Active
Asking Price $8,800,000
- Property Type
-
Retail
- Square Feet
- 10,100 SF
- Price / Square Foot
- $871
Listing Contacts
- Property Info
Property Overview
2.5% Commission for Buyer's Agents. Incredible investment opportunity with over half an acre located in the heart of Downtown Mystic, steps away from the Historic Draw Bridge. Now a resort style property, all four buildings at 3 and 5 Pearl Street are being offered together to create this 0.525 Acre package, a perfect addition to your investment portfolio, with NNN leases and an extensive renovation adding high end amenities and cost saving upgrades inside and out ensures bare minimum landlord responsibilities and no deferred maintenance. This 10,100 sqft retail/residential package offers a unique opportunity for redevelopment of one of the largest parcels of land in Downtown Mystic, named a top tourist destination in the U.S.
Property Details
- Class
- C
- Year Built/Renovated
- 1843/2024
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 22,651 SF
Highlights
- Twelve Units in the Heart of Downtown Mystic (10 Residential & 2 Retail with NNN Leases).
- Property Features a Thriving Short Term Rental Business and Long Term Leases
- Huge Value Add Opportunity by Developing the Parcel (One of the Largest in Downtown Mystic).
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