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Broadway Avenue Hotel 32 Broadway Ave 6 Room Hotel Mystic, CT 06355 $5,050,000 ($841,667/Room) 9.58% Cap Rate
Investment Highlights
- Dedicated paved off-street parking lot 10–13 vehicles
- Private rooftop amenity deck with communal sun lounge, outdoor dining area, and dip pool with panoramic townscape views
- Modern construction with individual high-efficiency HVAC climate zones
- Fully furnished, turnkey luxury accommodations
Executive Summary
Fully furnished, turnkey luxury accommodations — ready for day-one revenue
Private rooftop amenity deck with communal sun lounge, outdoor dining area, and dip pool with panoramic townscape views
Modern construction with individual high-efficiency HVAC climate zones does a commercial asset of this caliber reach the market in the historic heart of downtown Mystic. Positioned just 0.1 miles from the Mystic Amtrak Station, this turnkey property delivers direct, car-free rail access for guests traveling from New York City and Boston — a built-in demand driver for hospitality and short-term rental operators.
The asset is pre-zoned LS-5 for hospitality and hotel use, enabling immediate STR or hotel operation with no entitlement or rezoning risk. It presents a rare value-add and stabilized-income opportunity for boutique hotel operators, STR investors, and residential developers alike.
Dedicated paved off-street parking lot (10–13 vehicles) — a scarce and value-additive amenity in downtown Mystic
Centrally located in one of New England's most desirable and rapidly appreciating coastal destinations, the property benefits from strong year-round tourism, a supply-constrained lodging market, and sustained appreciation along the Connecticut shoreline.
Private rooftop amenity deck with communal sun lounge, outdoor dining area, and dip pool with panoramic townscape views
Modern construction with individual high-efficiency HVAC climate zones does a commercial asset of this caliber reach the market in the historic heart of downtown Mystic. Positioned just 0.1 miles from the Mystic Amtrak Station, this turnkey property delivers direct, car-free rail access for guests traveling from New York City and Boston — a built-in demand driver for hospitality and short-term rental operators.
The asset is pre-zoned LS-5 for hospitality and hotel use, enabling immediate STR or hotel operation with no entitlement or rezoning risk. It presents a rare value-add and stabilized-income opportunity for boutique hotel operators, STR investors, and residential developers alike.
Dedicated paved off-street parking lot (10–13 vehicles) — a scarce and value-additive amenity in downtown Mystic
Centrally located in one of New England's most desirable and rapidly appreciating coastal destinations, the property benefits from strong year-round tourism, a supply-constrained lodging market, and sustained appreciation along the Connecticut shoreline.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$929,850
|
$232.35
|
| Other Income |
$46,493
|
$11.62
|
| Vacancy Loss |
$253,500
|
$63.34
|
| Effective Gross Income |
$722,843
|
$180.62
|
| Taxes |
$40,000
|
$10.00
|
| Operating Expenses |
$199,341
|
$49.81
|
| Total Expenses |
$239,341
|
$59.81
|
| Net Operating Income |
$483,502
|
$120.82
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $929,850 |
| Annual Per SF | $232.35 |
| Other Income | |
|---|---|
| Annual | $46,493 |
| Annual Per SF | $11.62 |
| Vacancy Loss | |
|---|---|
| Annual | $253,500 |
| Annual Per SF | $63.34 |
| Effective Gross Income | |
|---|---|
| Annual | $722,843 |
| Annual Per SF | $180.62 |
| Taxes | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $10.00 |
| Operating Expenses | |
|---|---|
| Annual | $199,341 |
| Annual Per SF | $49.81 |
| Total Expenses | |
|---|---|
| Annual | $239,341 |
| Annual Per SF | $59.81 |
| Net Operating Income | |
|---|---|
| Annual | $483,502 |
| Annual Per SF | $120.82 |
Property Facts
| Price | $5,050,000 | Construction Status | Under Construction |
| Price Per Room | $841,667 | Building Size | 4,002 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Cap Rate | 9.58% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2026 |
| Property Subtype | Hotel | Parking Ratio | 2.17/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.18 AC | ||
| Zoning | LS-5 | ||
| Price | $5,050,000 |
| Price Per Room | $841,667 |
| Sale Type | Investment |
| Cap Rate | 9.58% |
| 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 | 2026 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Interior |
| Zoning | LS-5 |
Amenities
- Balcony
- Fitness Center
- Pool
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $236.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | STON-000174-000019-000001 | Total Assessment | $861,900 (2025) |
| Land Assessment | $305,700 (2025) | Annual Taxes | $40,000 ($10.00/SF) |
| Improvements Assessment | $556,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
STON-000174-000019-000001
Land Assessment
$305,700 (2025)
Improvements Assessment
$556,200 (2025)
Total Assessment
$861,900 (2025)
Annual Taxes
$40,000 ($10.00/SF)
Tax Year
2026
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Broadway Avenue Hotel | 32 Broadway Ave
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