47 Water Street Groton, CT $ 5,200,000
47 Water Street
$ 5,200,000
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47 Water Street

Groton, CT, 06355
$ 5,200,000
Baths0.0 Sq 9,194

Monthly Estimate*

$ 36,324

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Studio

Commercial Property for sale in Groton, CT

for $5,200,000. This 9,194 square foot building was built in 1986 on a lot size of 0.56.

Captivating Marina Property in the Heart of Mystic, CT Discover a unique opportunity to own a premier marina property in the picturesque downtown of Mystic, Connecticut. This prime waterfront parcel spans an impressive 9,137 square feet across 0.56 acres, offering a rare and expansive canvas for your vision. Key Features: Waterfront Bliss: Embrace the tranquility of Mystic's scenic waterfront as your property boasts direct access to the charming Mystic River. Dockside Elegance: With a total of 16 docks, this marina property is perfectly equipped to accommodate a variety of vessels, from intimate boats to larger watercraft. Versatile MDD Zoning: Positioned within the highly desirable Mystic Downtown District (MDD) zone, this property offers maximum flexibility for development. Whether you envision a boutique hotel, upscale waterfront residences, or a vibrant mixed-use space, the possibilities are boundless. Strategic Location: Nestled in the heart of Mystic, your marina property is surrounded by the town's historic charm, renowned restaurants, boutique shops, and cultural attractions. It's not just a property; it's a lifestyle. Investment Potential: Mystic's popularity as a destination ensures that your investment will not only stand out but appreciate in value over time. Join the thriving community and become a pivotal part of Mystic's ongoing story. Can be sold together with MLS# 170608854 Sign and return NDA for access to financials

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Commercial Active

Price

$ 5,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial For Sale

Lot Size

0.56

Year Built

1986

Town/City

Groton

MLS | Web ID

170621202

Features
General
Exterior Features Doors - 16-20 ft
Zoning MDD
Exclusions Two buyers are excluded from buyer side commission. Please confirm buyer with listing agent
Year Built 1986
Neighborhood Mystic
Heater Type Hot Air
County New London
Present Use Marina
Tax Year July 2023-June 2024
Location Downtown
Property Type Commercial For Sale
Status Active
Acres 0.56
Directions Across the street from Daniel Packer Inn
City Groton
Street Name Water
Sq Ft Total 9194
DOM 89
Video Tour Y/N 0
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Interior
Cooling System Central Air
Utilities Available Electric Telephone Cable
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Exterior
Water Source Public Water Connected
Lot Description Level Lot Cleared
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Internal Only
Street Number 1 47
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* Excluded Features
List By
Kyle Schrader

Listing Agent

Seaport Real Estate Services

Broker

kyleschrader@seaportre.com

Email

Affordability Calculator

$36,324
Per Month
100%
0%
0%
Monthly Principal & Interest
$36,324
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
899581 Elementary School
895635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$5,200,000 -5.45% Price Down
3/14/2024$5,500,000 -8.33% Price Down
1/26/2024$6,000,000 Listed Price

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47 Water Street, Groton, CT, 06355 is a Commercial Property for sale at $5,200,000 with 9,194 sqft and a lot size of 0.56. 47 Water Street is a studio with 0.0 baths and was built in 1986. The property's zip code is 06355 which is in Groton, CT