12 Roosevelt Avenue Stonington, CT $ 4,100,000
12 Roosevelt Avenue
$ 4,100,000

12 Roosevelt Avenue Stonington, CT, 06378

$ 4,100,000
Bedrooms Baths22.0 Sq 41,053

Monthly Estimate*

$ 15,897

How much can I afford?
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Commercial Property for sale in Stonington, CT

for $4,100,000 with 22 full baths. This 41,053 square foot building was built in 1902 on a lot size of 1.9200 Acre(s).

It is argued that the Mystic Packer building is the most ideal location for retail and office spaces in the area. With its views of the Mystic Harbor, accessibility to the train station and proximity to local restaurants and tourist attractions it is highly sought after as demonstrated by consistent high occupancy. This location also offers what most office buildings in Mystic lack, parking spaces to accommodate all tenants and guests. Prime Investment Opportunity close to Downtown Mystic with ample parking. This 41, 053 s.f. office building has a core factor of approximately 14% , 30 tenants and 92% leased.Built in 1902, The Packer Building has had only three owners, The Packer Tar Soap Company, The ABC Film Company, and the present Office Complex owned by Mystic Packer LLC who purchased the building back in 1984 and affectionately restored it to its glory. The character and architecture of the building has been preserved as evidenced by exposed brick and high ceilings. The infrastructure including two industrial grade elevators, updated electric, and state of the art networking capabilities make this one of the most sought after buildings in the region.The Packer Building Offers a fashionable working environment highlighted by Peoples Bank, Fred Astaire Dance Studios, Natura Medica, MResult, multiple Attorney's Offices and Seaport Real Estate Group. The building caters to smaller businesses as well as mature companies employing hundreds of employees globally.

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Commercial Active

Price

$ 4,100,000

Full Bath

22

Property Type

Commercial

Taxes

$ 55,034

Style

Office

Lot Size

1.9200 Acre(s)

Year Built

1902

Town/City

Stonington

MLS | Web ID

170041435

Features
Interior
Cooling System Central Air Zoned
Heating Source Electric Propane
Heating System Heat Pump Steam Wall Unit Zoned
Interior Elevator(s) Public Restroom Security System
Sewer Public Sewer
Water Source Connected
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Exterior
Construction Brick
Exterior Awning(s) Gutters
Foundation Brick
Garage Parking Garage Paved
Land Improvements Sidewalks
Lot Description Wetlands
Parking 61-80 Parking Spaces Parking Parking Lot
Road Frontage Municipal Road
Roof Asphalt Shingles Flat Roof
Zoning Flood Zone
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Miscellaneous
Accessibility Handicap Features Handicap Parking
Commercial Doors 10-15ft Fire System
Documents Brochure Demograph Legal Description
Location Docks Downtown
Utilities Cable Electric Phone
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* Excluded Features
List By
Tim Bray

Listing Agent

Seaport Commerical

Broker


Affordability

$ 20,483 per month
Get Pre-Approved
Monthly Principal & Interest
$15,897
Monthly Property Taxes
$4,586
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.125% 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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Nearby
Packer Building Community

Map


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12 Roosevelt Avenue, Stonington, CT, 06378 is a Commercial Property for sale at $4,100,000 with 41,053 sqft and a lot size of 1.9200 Acre(s). 12 Roosevelt Avenue has 22.0 baths and was built in 1902. The property's zip code is 06378 which is in Stonington, CT