Groton, CT 06355,49-53 West Main Street

$2,950,000

Est. payment /mo

$3,495,000

15.6%
Est.Price: ?

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49-53 West Main Street Groton, CT 06355

1 Bath

9,000 SqFt

SOLD DATE : 11/26/2024

Key Details

Sold Price $2,950,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $327

MLS Listing ID 24018619

Sold Date 11/26/24

Full Baths 1

Year Built 1947

Annual Tax Amount $22,699

Lot Size 7,405 Sqft

Property Description

Iconic Location - Two buildings zoned MDD in the heart of Historic Downtown Mystic with three private parking spaces. Just a stone's throw from Mystic Pizza and Sift Bakery. 49 West Main Street is a two-story Brick Facade Retail Building. 53 West Main Street is a two-story approximately 4,500 square foot building offering spacious retail space with many large retail display windows. Also included is an approximately 1,250 square foot two-bedroom apartment on the second floor that is currently used as a short-term rental on Airbnb. This iconic building has been home to Bank Square Books since 1988 and offers a unique blend of commercial and residential charm. Located at a prime corner position at the head of Main Street in Historic Downtown Mystic, this property boasts unparalleled visibility and foot traffic. Imagine your business thriving in this vibrant downtown setting, surrounded by unique resort shops, fine restaurants, deep water marinas, the Mystic River Bascule Bridge, and the Mystic Seaport Museum nearby. The possibilities are endless as you shape the next chapter of this storied location. Above the bustling bookstore, discover a hidden gem - a spacious apartment with endless potential. Currently used as an Aribnb, this residence and property presents an incredible income opportunity or a tranquil retreat for those seeking the ultimate live/work balance. Embrace the allure of Mystic living while reaping the rewards of an established business location!

Location

State CT

County New London

Zoning MDD

Interior

Heating Hot Air, Other

Cooling Central Air

Exterior

Exterior Feature Sidewalk

Utilities Available Electric, Telephone, Cable

Roof Type Flat,Membrane

Building

Lot Description Corner Lot, Level Lot

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Judith Caracausa • William Pitt Sotheby's Int'l
Bought with Non Member • Non-Member

Charles Nedder

License ID: RES.0767158

+1(203) 524-4303

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