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56 Williams Ave 15,506 SF 100% Leased Office Building Mystic, CT 06355 $3,195,000 ($206.05/SF)
Investment Highlights
- HIGH TRAFFIC LOCATION WITH EXCELLENT SIGNAGE
- CLOSE TO HISTORIC DOWNTOWN MYSTIC, AMTRAK STATION, UNIQUE RESTAURANTS & SHOPS, DEEPWATER MARINAS
- PRIVATE REAR PARKING LOT
Executive Summary
Prime Investment Opportunity in Mystic, Connecticut. Ideal 1031 Exchange Property. 100% Occupied. First Floor Triple A Office Tenant with Lease and upstairs there are 3 Apartments that are currently rented. Total Sq Ft 15,506 Sq Ft nestled on .69 manicured acres in the Heart of Historic Mystic, Connecticut on Busy Route 1. Includes 27 parking spaces. New Construction in 2020, this building is meticulously maintained and located in one of the best locations in all of Mystic. 350' of road frontage on the corner of Williams Avenue and Allen Street. Two 1 Bedroom Apartments and One 2 Bedroom Apartments are located on the second floor. The first floor is occupied by a Triple A tenant with lease. Pride of ownership is evident in this amazing property.
FIRST FLOOR OFFICE: CALL FOR INCOME AND EXPENSE
SECOND FLOOR APARTMENTS:
Apt. 1: $2,850.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Apt. 2: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Apt. 3: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Owner pays: Real Estate Taxes, Building Insurance, Water, Landscaping, Snow Removal in parking lot.
Please Call for further details.
FIRST FLOOR OFFICE: CALL FOR INCOME AND EXPENSE
SECOND FLOOR APARTMENTS:
Apt. 1: $2,850.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Apt. 2: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Apt. 3: $1,700.00/MO. Tenant Pays Electric, Heat/AC, Liability Insurance, Cable/Phone/Internet.
Owner pays: Real Estate Taxes, Building Insurance, Water, Landscaping, Snow Removal in parking lot.
Please Call for further details.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$190,000
|
$12.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,000
|
$12.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,000
|
$3.61
|
| Net Operating Income |
$134,000
|
$8.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $190,000 |
| Annual Per SF | $12.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $190,000 |
| Annual Per SF | $12.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,000 |
| Annual Per SF | $3.61 |
| Net Operating Income | |
|---|---|
| Annual | $134,000 |
| Annual Per SF | $8.64 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
15,506 SF
Building Class
C
Year Built
2020
Price
$3,195,000
Price Per SF
$206.05
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,753 SF
Building FAR
0.52
Lot Size
0.69 AC
Zoning
LS-5 - SEE ATTACHED LS-5 ZONING REGULATIONS
Parking
18 Spaces (1.16 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Reception
- Air Conditioning
- Smoke Detector
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