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    3 Water St Mystic, CT 06355

    For Lease
    $37 SF/Yr ($3,287 /Mo)

    Commercial For Lease - Groton, CT

    Property size:
    1,052 SF
    Lot size:
    0.31 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 3 Water St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MDD
    APN
    1960871
    Parking
    1
    Parking features
    Assigned
    Size
    1,052 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Hot Water (Heating), Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Randall Realtors (860) 887-1122 [email protected]

    Listing agent Heather Gianacoplos (860) 572-9099

    Listing date Nov 22, 2025

    MLS# 24141702 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Mystic Commercial Space Available

    This commercial space is located in downtown Mystic, within a new luxury, mixed-use building. The space is situated on the first floor of The Standard and features first-class construction. Currently configured as a restaurant, the space can also accommodate offices or a retail store. A type 2 hood is installed, but there is no option for a type 1 hood. The property includes a large deck with views of the Mystic River. The location benefits from heavy foot traffic, with adjacent shops and restaurants, including Sift Bakery. The lot size is 0.31 acres. The property offers one assigned parking space and is adjacent to a public parking lot. The property size is 1052 square feet and is located in Groton, CT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Petra Star Jewelry Store Michelle Sarpu, Coldwell ... Real Estate Agent CTJPMarie Wiley, William ... Real Estate Agent Ellen ET Fox, ... Real Estate Agent Abbott's Outpost Restaurant

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coastal Gourmet Catering, Mystic Catering

    Location Insight

    • Map
    • Local Demand
    City
    Mystic
    County
    New London
    State
    Connecticut
    Longitude
    -71.9710941
    Latitude
    41.3541883

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    FAQs

    What type of property is this?
    Restaurant - Commercial space for lease in downtown Mystic with river views.
    Where is this restaurant located?
    The property is located at 3 Water St Mystic, CT.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Mystic location with high foot traffic, next to popular establishments like Sift Bakery.; - Enjoy Mystic River views from the large deck.; - Type 2 hood already in place, ideal for a restaurant (though type 1 is not an option).
    (860) 572-9099
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    3 Water St Mystic, CT 06355
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Water St Mystic, CT 06355
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