3 Pearl Street Groton, CT $ 8,800,000
3 Pearl Street
$ 8,800,000
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3 Pearl Street

Groton, CT, 06355
$ 8,800,000
Baths0.0 Sq 10,065

Monthly Estimate*

$ 52,704

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Studio

Commercial Property for sale in Groton, CT

for $8,800,000. This 10,065 square foot building was built in 1843.

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 parcel 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. *The Owner is a Connecticut Real Estate Broker Licensee

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Commercial Active

Price

$ 8,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial For Sale

Year Built

1843

Town/City

Groton

MLS | Web ID

24032022

Features
General
Zoning MDD
Year Built 1843
Neighborhood Mystic
Heater Type Baseboard Gas on Gas Heat Pump
County New London
Present Use Residential Retail Hospitality Short Term Rentals
Tax Year July 2024-June 2025
Location Downtown
Property Type Commercial For Sale
Status Active
Directions Off of W Main st turn onto Pearl street and take 2nd left
City Groton
Sq Ft Total 10065
DOM 69
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Interior
Cooling System Ductless Window Unit
Utilities Available Electric Gas
Total Number of Units 12
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Exterior
Water Source Public Water Connected
Lot Description N/A
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* Excluded Features
List By
Zach Pranger

Listing Agent

Group Realty Llc

Broker

zachary@eastcoastgrouprealty.com

Email

Affordability Calculator

$52,704
Per Month
100%
0%
0%
Monthly Principal & Interest
$52,704
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 5.99% 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
899581 Elementary School
895635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/12/2024$8,800,000 Listed Price

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3 Pearl Street, Groton, CT, 06355 is a Commercial Property for sale at $8,800,000 with 10,065 sqft. 3 Pearl Street is a studio with 0.0 baths and was built in 1843. The property's zip code is 06355 which is in Groton, CT