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Mystic Anchor Building 4 Broadway Avenue Ext 8,831 SF 100% Leased Office Building Mystic, CT 06355 For Sale
Investment Highlights
- 8,831 SF 3 Story - Multi Tenant Office Building (2,250 SF floor plate) on .57 acres lot with 2.56/1,000 SF parking in M1 Zone
- Turn Key Condition Renovated 2024 / 23 on-site parking (2.56/1,000 )/ Existing Loading Dock at Building
- Minutes to Mystic Seaport, downtown, hospitality hubs, and major regional employment centers (Pfizer, Electric Boat, Coast Guard).
- $132,600 GSI across 10 Tenants across professional services, wellness, medical, and creative industries
- Historical leasing at the property averages 1 month on market, outperforming peers with 22-month averages
- 5 Minute walk to downtown Mystic / 1 minute walk to Metro North
Executive Summary
EAC Properties LLC as exclusive broker is proud to present 4 Broadway Avenue Extension. an impeccably maintained 8,831 SF Class B office building with Class A Operations in the Mystic/ Groton (Stonington) market, offering 100% occupancy, strong in place tenancy, recent 2024 renovations, and excellent curb appeal. Positioned in the SE New London Submarket, which boasts a 2.5% vacancy rate and consistent rent growth, the property outperforms all peer benchmarks (peer vacancy: 33.9%) while achieving competitive $23.10/SF gross asking rents. With modernized mechanicals, diverse professional tenants, and turn-key operations, this asset is a rare stabilized investment in a supply constrained coastal market. 4 Broadway Avenue Extension represents a premier boutique office investment in the thriving, supply-constrained Mystic/ Groton commercial corridor. The 8,831 SF, three-story, Class A office building, originally constructed in 1988 and modernized with substantial 2024 renovations, offers investors a stabilized, high-performing income stream with diverse mix of professional, medical, wellness, and creative tenants. Its superior occupancy, modern upgrades, and diversified tenant mix position it as a low-volatility, high-stability office investment in one of Southeastern Connecticut’s highest-performing submarkets.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,831 SF
Building Class
B
Year Built/Renovated
1988/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,250 SF
Slab To Slab
9’
Building FAR
0.36
Lot Size
0.57 AC
Zoning
M-1 - M-1, Commercial
Parking
23 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | STON-000174-000020-000005 | Improvements Assessment | $965,800 |
| Land Assessment | $86,300 | Total Assessment | $1,052,100 |
Property Taxes
Parcel Number
STON-000174-000020-000005
Land Assessment
$86,300
Improvements Assessment
$965,800
Total Assessment
$1,052,100
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Mystic Anchor Building | 4 Broadway Avenue Ext
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