- For Sale $8,800,000
- Property Type Mixed Use
- Property Size 10,100 SF
- Units 10
- Lot Size 0.52 Acre
- Cap Rate % 8.4
- Zoning Mixed Use Commercial
- Additional Rent Contact for pricing
- # of Floors 2
- Property Tenancy Multi-Tenant
- Building Class A
- Year Renovated 2024
- Date Updated Oct 18, 2024
2.5% Commission for Buyer's Agents. Incredible investment opportunity with over half an acre located in the heart of Downtown Mystic, steps away from the Historic Draw Bridge. Now a resort style property, all four buildings at 3 and 5 Pearl Street are being offered together to create this 0.525 Acre package, a perfect addition to your investment portfolio, with NNN leases and an extensive renovation adding high end amenities and cost saving upgrades inside and out ensures bare minimum landlord responsibilities and no deferred maintenance. This 10,100 sqft retail/residential package offers a unique opportunity for redevelopment of one of the largest parcels of land in Downtown Mystic, named a top tourist destination in the U.S.
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Attachments
Highlights
- Downtown Mystic
False
Contacts
Location
Getting Around
-
Walk Score ®
71/100
Very Walkable
-
Bike Score ®
49/100
Somewhat Bikeable
- City Groton, CT
- Neighborhood West Mystic
- Zip Code 06355
Points of Interest
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New London Union Station
6.33 miles
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New London
6.33 miles
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Shell
0.48 miles
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Valero
1.45 miles
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Citgo
2.68 miles
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Gulf Express
5.19 miles
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Hess
5.34 miles
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Mobil
5.60 miles
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Steamboat Wharf Parking
0.08 miles
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Mystic Art Association (Walking)
0.13 miles
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Museum South Parking
0.56 miles
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Museum North Parking
0.72 miles
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Connecticut Park and Ride
2.97 miles
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Bluff Point Parking
3.51 miles
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Stonington Point Parking Lot
3.90 miles
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M Lot
4.87 miles
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Steamboat Inn
0.10 miles
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The Whaler's Inn
0.20 miles
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Inn at Mystic
0.65 miles
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Hyatt Place Mystic
1.26 miles
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Rodeway Inn
1.34 miles
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Holiday Inn Express Mystic - Groton
1.34 miles
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Howard Johnson by Wyndham Mystic
1.39 miles
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Hilton Mystic
1.44 miles
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Mystic River Hotel & Suites
1.58 miles
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Hampton Inn & Suites
1.67 miles
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Chapter One
0.04 miles
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Mystic Pizza
0.04 miles
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Samurai Noodle
0.06 miles
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Via Emilia
0.07 miles
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pizzeta
0.09 miles
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Rise
0.10 miles
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Tio Juan's Margaritas
0.14 miles
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Mystic salad Co
0.16 miles
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S&P Oyster Co
0.16 miles
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Oyster Club
0.16 miles
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Stonington Middle School
1.42 miles
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Mystic Education Center
1.46 miles
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Mystic River Magnet School
1.54 miles
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Northeast Academy Arts Magnet School
2.07 miles
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Groton Middle School
2.39 miles
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Robert E. Fitch High School
2.43 miles
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Deans Mill School
2.43 miles
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Ella T. Grasso Technical High School
2.60 miles
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Groton Public Schools Central Office
2.79 miles
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Old Mystic Elementary School
2.82 miles
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Precious Memories Place
1.03 miles
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Groton Childcare and Preschool Center
2.91 miles
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Children’s Learning Center at Mitchell College
6.81 miles
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USCGA Child Development Center
6.87 miles
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Connecticut College Child Development Lab School
6.92 miles
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New London Childcare and Preschool Center
7.56 miles
Frequently Asked Questions
How much does 3 Pearl Street cost?
The space currently listed for sale at 3 Pearl Street asks for $8,800,000.
What is the total square footage of 3 Pearl Street?
3 Pearl Street totals 10,100 square feet.
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Contact Listing Broker
Zach Pranger
Group Realty LLC
