44 Williams Ave Stonington, CT 06355
- Hospitality properties
- 3,577 SF
- 0.17 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 44 Williams Ave
- Year built
- 1940
- Lot size
- 0.17 lot acres
- Property size
- 3,577 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents a fully renovated, 3,577 square foot boutique hotel in Stonington, Connecticut. The property, built in 1940 and completely remodeled in 2023 and 2024, boasts four uniquely appointed suites: three studios and a stunning two-level, three-bedroom penthouse. Each suite is meticulously furnished and equipped with high-end appliances, including full-size refrigerators, dishwashers, and electric stovetops. The penthouse features a spacious layout, two private decks, and a gourmet kitchen with Sub-Zero and Wolf appliances. The hotel benefits from eleven on-site parking spaces, a rare find in this desirable location. Situated a short walk from downtown Mystic's attractions, including the waterfront and train station, this property offers unparalleled convenience and access to local amenities. The LS-5 zoning permits hotel/motel use. The property features energy-efficient design and boasts a strong pro-forma NOI of $236,368 and a 7.90% cap rate. This turnkey operation is ideal for an owner/user seeking a high-return investment in a prime location, less than a 20-minute drive from Foxwoods and Mohegan Sun Casinos. The asking price is $2,625,000, representing a price per square foot of $733.86 and a price per bed of $437,500. The 0.17-acre lot houses a three-story building.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stonington
- County
- New London
- State
- Connecticut
- Longitude
- -71.9573
- Latitude
- 41.3489
