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44 Williams Ave 5,642 SF 100% Leased Retail Building Mystic, CT 06355 $2,500,000 ($443.13/SF)
EXECUTIVE SUMMARY
Here's a great opportunity to run your own "contactless" business in short term or long term rentals! Included in this recently re-imagined and renovated building are four units-one is a three bedroom, two bath penthouse on the top floor with bespoke finishes, recently and stylishly furnished (included), a gourmet kitchen complete with a subzero refrigerator and Wolf range, its own laundry and is ready to be rented so that you can start earning revenue right away. In addition, there are three efficiency apartments with fireplaces, luxurious, refined bathrooms and kitchenettes. All four of these units can easily accommodate an online booking system as well as contactless access for entrance to and egress from the suite! Fifteen surveillance cameras and an ADT alarm system combine to make security easily monitored resulting in a property that is meant to be low maintenance and low labor to run! Plus, there is ample parking with 10 off street autos. For the investor who wants to live in Mystic, the penthouse is the perfect sized home while renting the lower level efficiency units! The property is zoned as LS-5 and located in the heart of Mystic, Connecticut, one of the most beautiful New England year-round and resort towns with plenty of dining/shopping venues all within walking distance to the Mystic train station - serviced by Amtrac from NYC Metro, Fairfield County CT and Boston metro providing you with a market potential of over 25 million people!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
5,642 SF
Building Class
C
Year Built/Renovated
1940/2006
Price
$2,500,000
Price Per SF
$443.13
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.17 AC
Zoning
LS-5 - LS-5 - SEE ATTACHED DOCUMENTS
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | STON-000161-000017-000009 | Improvements Assessment | $979,800 |
| Land Assessment | $367,000 | Total Assessment | $1,346,800 |
PROPERTY TAXES
Parcel Number
STON-000161-000017-000009
Land Assessment
$367,000
Improvements Assessment
$979,800
Total Assessment
$1,346,800
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44 Williams Ave
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