Price Reduced 41.68%


Price History

$6,000,000
11/6/2023

$5,500,000
3/14/2024

$4,690,000
4/18/2024

$4,290,000
6/4/2024

$3,499,000
6/24/2024


34 Water Street, Groton, (Mystic), CT, 06355

34 Water Street, Groton, (Mystic), CT, 06355

1846

13,132 sqft

Nestled in the picturesque coastal town of Mystic, Connecticut, this commercial property presents a unique and exciting opportunity for investors and developers. Boasting a coveted Mixed-Use Development District (MDD) zoning, this property offers unlimited potential for creating a vibrant and diverse commercial space in the heart of this historic New England community. 1. **Prime Location:** Situated along the picturesque Mystic Harbor, this property offers unparalleled access to the water and stunning waterfront views. With its proximity to the town center, it's ideally positioned for attracting visitors, tourists, and locals. 2. **MDD Zoning:** The Mixed-Use Development District (MDD) zoning allows for a wide range of development possibilities. From retail and dining establishments to residential units and entertainment venues, the potential is boundless. This zoning offers the flexibility to create a dynamic and integrated space that caters to the needs and desires of the community. 3. **Development Rights:** Included in the sale of this property are valuable development rights, granting the buyer the ability to maximize the potential of the land. These rights offer the freedom to shape the future of this space, ensuring that it aligns with the vision of the developer. 4. **Scenic Beauty:** The property's natural beauty, including its waterfront location, offers an attractive backdrop for any development. Imagine an elegant waterfront dining area, boutique shops with a view, or even luxury waterfront condos. 5. **Historic Charm:** Mystic, Connecticut, is known for its historic charm. Any development on this property has the opportunity to blend seamlessly with the town's character while offering a fresh and modern perspective. 6. **Tourist Destination:** Mystic is a popular tourist destination, attracting visitors from near and far. The property's proximity to renowned attractions like Mystic Seaport and Mystic Aquarium ensures a constant stream of potential customers. Investing in this Mystic Harbor front Development Opportunity with MDD zoning and development rights provides a chance to shape the future of this historic and charming town. Whether you're envisioning a thriving commercial center, a mixed-use community, or an entertainment hub, this property offers a canvas for your vision. *Please note that all details and information provided are subject to change and should be verified with the appropriate authorities and professionals. This write-up is intended for informational purposes only and does not constitute a legally binding offer or agreement.* Can be sold together with MLS# 170608854 Sign and return NDA for access to financials


Status:

Active

Town:

Groton

Type:

Commercial

Units:

7

Zoning:

MDD

Frontage:

Municipal Street,Paved Road

Garage:

Parking Lot

Heating:

Baseboard

Cooling:

Central Air

Parking:

50-car

Acreage:

1.52

Est. Taxes:

$17,224

Assessment

$681,170

Current Use

Office

Permitted Use

Office, Condominium, Retail

Utilities

Electric,Telephone,Cable,Fire Suppression System

Lot Description:

Cleared

Days on Market:

362

MLS #:

170608854


Community Info

School Info

Walk Score

Mass Transit

Yelp


Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Kyle Schrader, Seaport Real Estate Services Email: kyleschrader@seaportre.com