27 Broadway Avenue, Stonington, Connecticut 06355

$1,400,000
3,973
SqFt
List Price
$1,400,000
Status
UNDER CONTRACT - CONTINUE TO SHOW
MLS#
170379335
Year Built
1900
Levels
2
Acres
0.27
Living Area
3,973

Property Description

INVESTORS TAKE NOTICE! LOCATION, LOCATION, LOCATION! Downtown Mystic! Excellent income producing investment property in rapidly developing part of town. Fully leased with healthy annual net profit. Seller would be interested in a lease back for 12 months. Former restaurant on premises. Many potential uses in LS-5 Zone. Currently a salon/spa with generous reception area , 6 treatment rooms and half bath. Additionally, there is a separate boutique with half bath and another retail shop with shared bath in spa area. 2 one bedroom apartments on 2nd floor are completely remodeled . 15 coveted parking spaces in rear lot. Well maintained building with hardy board siding and 3 year old roof. Entire building was gutted and remodeled in 2007. Renovation includes energy efficient windows, bamboo flooring, new plumbing and electrical and heating systems, whole building water filtration system and hot water on demand throughout. Central air throughout 1st floor areas. Professionally landscaped with lovely gardens and a patio. Additional 924 sq. ft. walk up attic space waiting to be finished. Steps from train station, restaurants, shops, Rt. 27 and I95. Great visibility and foot traffic. Also listed in MLS as Multi-Family For Sale MLS# 170400323

Additional Information

Taxes
$13,894
Lot Size
11,761
Interior Features
Handicap Design, Living Space Available, Public Restrooms, Window Display
Flooring
Ceramic Tile, Wood
Heating
Baseboard, Hot Air, Zoned
Fuel Type
Propane
Cooling System Type
Central Air, Window Unit
Sewer
Public Sewer Connected
Water Source
Public Water Connected
Exterior Features
Awnings, Door Sign, Gutters, Lighting, Pole Sign, Sidewalk, Underground Utilities
Parking Spaces
15

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RANDALL, REALTORS-Christie's.