34-38 Water St - Office FOR SALE


Mystic, CT 06355
$3,199,000 USD
401-692-0773
34-38 Water St, Mystic, CT for Sale
$3,199,000 USD
Office - FOR SALE
1/57
null | 2.76% Cap Rate

34-38 Water St
Mystic, CT 06355


OVERVIEW

1. **Prime Location:** Situated along the picturesque Mystic Harbor, this property offers unparalleled access to the water and stunning waterfront views. With its proximity to the town center, it's ideally positioned for attracting visitors, tourists, and locals. 2. **MDD Zoning:** The Mixed-Use Development District (MDD) zoning allows for a wide range of development possibilities. From retail and dining establishments to residential units and entertainment venues, the potential is boundless. This zoning offers the flexibility to create a dynamic and integrated space that caters to the needs and desires of the community. 3. **Development Rights:** Included in the sale of this property are valuable development rights, granting the buyer the ability to maximize the potential of the land. These rights offer the freedom to shape the future of this space, ensuring that it aligns with the vision of the developer. 4. **Scenic Beauty:** The property's natural beauty, including its waterfront location, offers an attractive backdrop for any development. Imagine an elegant waterfront dining area, boutique shops with a view, or even luxury waterfront condos. 5. **Historic Charm:** Mystic, Connecticut, is known for its historic charm. Any development on this property has the opportunity to blend seamlessly with the town's character while offering a fresh and modern perspective. 6. **Tourist Destination:** Mystic is a popular tourist destination, attracting visitors from near and far. The property's proximity to renowned attractions like Mystic Seaport and Mystic Aquarium ensures a constant stream of potential customers. Investing in this Mystic Harbor front Development Opportunity with MDD zoning and development rights provides a chance to shape the future of this historic and charming town. Whether you're envisioning a thriving commercial center, a mixed-use community, or an entertainment hub, this property offers a canvas for your vision. *Please note that all details and information provided are subject to change and should be verified with the appropriate authorities and professionals. This write-up is intended for informational purposes only and does not constitute a legally binding offer or agreement.*

FOR SALE DETAILS

PRICE

$3,199,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

2.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

MDD

APN/PARCEL ID

GROT-002618-000639-004395

ASK ABOUT THIS PROPERTY

Dylan LaGrandeurSeaport CommercialMore Info
401-692-0773

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

Dylan LaGrandeurSeaport CommercialMore Info
401-692-0773

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