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Broadway Avenue Hotel 32 Broadway Ave 6 Room Hotel Mystic, CT 06355 $5,200,000 ($866,667/Room)
EXECUTIVE SUMMARY
This property offers an incredible opportunity to own a small boutique hotel with with upscale rooftop amenities and offering great views of Mystic all while enjoying the rooftop dip pool, sun deck, dining deck and lounge along with elements for a contactless (aka low labor) business model. Located in the heart of Mystic Connecticut, a popular year round and summer resort location, this six suite property offers single and adjoining suites, use of the pool, sun and dining decks as well as the lounge. Your guests will have so many activities nearby--fine dining, tony shops, historic sites to visit and aquatic animals to see all just minutes away. The Mystic Train Station is served by Amtrak which brings potential guests from the NY Metro area, Fairfield County and the Boston Metro area totaling a large and attractive demographic of $25mm people! This boutique space is sleek, stylish and with a cool vibe in its upscale bathrooms, comfortable sleeping areas and individual decks to take in the townscape! A stunning property!
PROPERTY FACTS
| Price | $5,200,000 | Construction Status | Under Construction |
| Price Per Room | $866,667 | Building Size | 4,002 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2022 |
| Building Class | B | Parking Ratio | 3.75/1,000 SF |
| Lot Size | 0.18 AC | Corridor | Interior |
| Zoning | LS-5 | ||
| Price | $5,200,000 |
| Price Per Room | $866,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.18 AC |
| Construction Status | Under Construction |
| Building Size | 4,002 SF |
| No. Rooms | 6 |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 3.75/1,000 SF |
| Corridor | Interior |
| Zoning | LS-5 |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $230.00 | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | STON-000174-000019-000001 | Improvements Assessment | $556,200 |
| Land Assessment | $305,700 | Total Assessment | $861,900 |
PROPERTY TAXES
Parcel Number
STON-000174-000019-000001
Land Assessment
$305,700
Improvements Assessment
$556,200
Total Assessment
$861,900
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Broadway Avenue Hotel | 32 Broadway Ave
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