$1,200,000
$1,400,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
3,973 SqFt
SOLD DATE : 09/03/2021
Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,973 sqft
Price per Sqft $302
MLS Listing ID 170379335
Sold Date 09/03/21
Year Built 1900
Annual Tax Amount $14,116
Lot Size 0.270 Acres
Property Description
INVESTORS TAKE NOTICE! LOCATION, LOCATION, LOCATION! Downtown Mystic! Excellent income producing investment property in rapidly developing part of town. Fully leased with healthy annual net profit. Seller would be interested in a lease back for 12 months. Former restaurant on premises. Many potential uses in LS-5 Zone. Currently a salon/spa with generous reception area , 6 treatment rooms and half bath. Additionally, there is a separate boutique with half bath and another retail shop with shared bath in spa area. 2 one bedroom apartments on 2nd floor are completely remodeled . 15 coveted parking spaces in rear lot. Well maintained building with hardy board siding and 3 year old roof. Entire building was gutted and remodeled in 2007. Renovation includes energy efficient windows, bamboo flooring, new plumbing and electrical and heating systems, whole building water filtration system and hot water on demand throughout. Central air throughout 1st floor areas. Professionally landscaped with lovely gardens and a patio. Additional 924 sq. ft. walk up attic space waiting to be finished. Steps from train station, restaurants, shops, Rt. 27 and I95. Great visibility and foot traffic. Also listed in MLS as Multi-Family For Sale MLS# 170400323
Location
State CT
County New London
Zoning LS-5
Interior
Interior Features Handicap Design, Living Space Available, Public Restrooms, Window Display
Heating Baseboard, Hot Air, Zoned
Cooling Central Air, Window Unit
Flooring Ceramic Tile, Wood
Exterior
Exterior Feature Awnings, Door Sign, Gutters, Lighting, Pole Sign, Sidewalk, Underground Utilities
Parking Features Paved, Off Street Parking, Parking Lot
Utilities Available Electric Available, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 2
Foundation Block
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Dylan J. Lagrandeur • Seaport Real Estate Services