Downtown Mystic Commercial
For Sale
$2,259,000
48-50 West Main Street, Groton, CT 06355
Prime commercial property in the heart of Downtown Mystic.
Property Size4,909 SF
Lot Size0.11 Acres
Price / SF$460.18
Days on Market162
Property Features for 48-50 West Main Street
General Information
Standard status
Active
Size
4,909 SF
Lot size
0.11 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,975
Amenities
Asphalt Shingle Roof
Corner Lot
Sidewalk
Awnings
Baseboard Heating
Flat Roof
Gutters
Level Lot
Building Details
Year Built
1915
Listing Agency:
William Pitt Sotheby's Int'l
(860) 536-5900
Listed By:
JUDITH CARACAUSA · License #REB.0788601
Source:
Corcoran
Added: Mar 12
Changed: Aug 19
Last Checked: Aug 19 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l
Investment Insights
Based on property information with market context.
This approximately 4,909 square foot, two-story commercial building is located at the corner of West Main and Pearl Streets in Downtown Mystic, positioned on approximately 0.11 acres. The property features historic New England architecture and is situated at a highly visible and trafficked intersection in the historic village center, within the MDD zone. The building includes three retail spaces on the first level and two office/retail spaces on the second level. Each first-floor space has a private half bath. A single half bath on the second floor is shared by the two tenants. The building has a total of four half baths. The property benefits from high foot and vehicle traffic and is near Mystic Pizza, SIFT Bakery, boutique shops, restaurants, and the Mystic River waterfront. The location is ideal for various uses within the MDD Zone. The property is serviced by municipal water and sewer, and an oil-fired heating system. Mystic is a popular New England destination, supporting year-round business activity and consistent rental demand.
Key Highlights
- Premier Downtown Mystic location at a highly visible, high‑traffic intersection.
- Income‑producing asset in a consistently high‑demand rental market.
- Proximity to Mystic's most popular attractions like Mystic Pizza, SIFT Bakery, and the Mystic River Waterfront.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 06355, CT
12,835
Population
6,099
Households
2.1
Avg Household Size
52
Median Age
58%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
904
Density / Sq Mi
$132,367
Median Household Income
$63,321
Median Earnings
$1,722
Median Rent
$416,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime commercial property in the heart of Downtown Mystic.
Where is this retail space located?
The property is located at 48-50 West Main Street Groton, CT.
What is the asking price?
The asking price for this property is $2,259,000.
What are key features of this property?
This property features: Premier Downtown Mystic location at a highly visible, high‑traffic intersection.; Income‑producing asset in a consistently high‑demand rental market.; Proximity to Mystic's most popular attractions like Mystic Pizza, SIFT Bakery, and the Mystic River Waterfront.
