16 Stonington Rd 5,424 SF 100% Leased Retail Building Mystic, CT 06355 $2,250,000 ($414.82/SF)

Positioned on the highly desirable corridor connecting historic downtown Mystic and Stonington, this undeveloped parcel offers a rare canvas for a landmark project. Location is key here- land with this level of visibility and proximity to Mystic's booming tourism, dining, and retail hub is virtually non-existent. A Proven Head Start. Phases 1 & 2 of environmental studies are complete, leaving only Phase 3 approvals to be finalized by the incoming developer. While the parcel contains some wetlands, the path to unlocking its full potential is clear: with the completion of Phase 3 and a standard strategy to fill and raise the site, this property will be fully primed for construction. Ideal for mixed-use or condominiums. The ongoing demand for both housing and premium commercial space in the Mystic market, the site's footprint is highly versatile. It is an idea match for luxury condominiums, tapping into the high-end coastal residential market. OR commercial retail, dining, or office spaces with upscale apartments. Seize the chance to shape the future of the Mystic-Stonington line. Bring your vision to a high-demand, high-yield location and take Phase 3 across the finish line.