12 Water St
Mystic, CT 06355
Factory Square · Property For Lease · 60,578 SF

Prime Two-Story Retail Space Available in Downtown Mystic Seize this rare opportunity to establish your business in the heart of Downtown Mystic, one of New England’s most celebrated and fastest-growing retail destinations! This 8,500 sq. ft., two-story commercial space, formerly home to Margaritas Restaurant, is located in a high-foot-traffic area surrounded by shops, attractions, and waterfront views. With its highly visible storefront, expansive two-floor layout, and prime Main Street location, this space is ideal for a specialty retail store, boutique, showroom, or experiential retail concept. It can also be adapted for a restaurant, depending on your needs. Mystic’s Mixed-Use Downtown Development (MDD) zoning allows for a wide variety of commercial uses, providing exceptional flexibility for businesses looking to capitalize on this thriving market. Versatile Two-Floor Layout – Endless Possibilities 8,500 sq. ft. across two levels, offering flexibility for retail displays, dining, event space, or office setups. Ground floor features prime street-level exposure, perfect for attracting walk-in traffic. Second floor provides additional space for retail, private offices, or event hosting, ideal for a full-service business. Expansive windows offer natural light and beautiful views of Mystic’s vibrant downtown. Why Mystic? A Premier Destination for Retail Unmatched Foot Traffic & Tourism – Mystic attracts millions of visitors annually, with over $50 million in retail sales within a five-minute walk of this location. National Recognition – Featured in Vogue, USA Today, and The New York Times, Mystic is gaining national attention as a top vacation destination. Culinary & Shopping Hub – Home to a James Beard Award-winning chef and the Food Network’s Best Baker in America champion, Mystic is a must-visit shopping and dining destination. Limited Commercial Availability – With its historic charm and high demand, commercial spaces in Mystic are rare and highly sought-after. A Rare Advantage – Reserved Visitor Parking Unlike many properties in the area, this building offers reserved parking for visitors, a major convenience in Mystic’s bustling downtown. With parking at a premium, this exclusive feature ensures that your business remains accessible and attractive to customers. Now Is the Time to Secure Your Spot in Mystic With ongoing growth, national attention, and increasing demand for prime retail space, Mystic is only becoming more valuable as a business location. Whether you're looking to launch, expand, or relocate, this is your chance to establish a presence in one of Connecticut’s top-performing retail and dining districts. NNN lease terms apply. Contact us today to schedule a tour!