12 Coogan Blvd Mystic, CT 06355
Property profile & analytics
12 Coogan Blvd, Mystic, CT 06355
- Industrial properties
- 4.22 lot acres
Property ID
US15-0806886
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mitchel Boyd Strand / Physician
- Dr. Mitchel Strand / Physician
- Hair Unique / Hair Salon
- Tesla Supercharger / Electric Vehicle Charging Station
- U NAILS & SPA / Nail Salon
Property Details for 12 Coogan Blvd
- Lot size
- 4.22 lot acres
- Zone code
- TC-80
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- STON M:164 B:4 L:1
- APU
- STONM164B4L1
Description
This 38,625 square foot shopping center in Mystic, Connecticut, presents a compelling value-add opportunity. Located at 12 Coogan Blvd, 06355, this multi-tenant property boasts a 68% occupancy rate and features nationally recognized tenants such as Starbucks and Morgan Stanley, alongside a collection of local businesses. Built in 1989 with additions in 2002, the center underwent a complete façade renovation and roof replacement in 2023. The 4.22-acre lot provides ample parking for 190 vehicles. Significant leasing momentum is evident, with recent lease signings contributing to substantial cash flow growth potential. The remaining 13,454 square feet of vacant space across five suites offers a clear path to increased profitability. Further upside exists through converting existing gross leases to market NNN leases. The property benefits from its strategic location directly off I-95, drawing from both the robust local community and the significant tourist traffic attracted to Mystic's renowned attractions, including Olde Mistick Village, Mystic Seaport, and the Mystic Aquarium. This prime location, coupled with the recent renovations and strong tenant mix, makes Mystic Green a rare opportunity to acquire a value-add retail asset in a highly sought-after New England destination. The asking price is $10,000,000, with a price per square foot of $258.90.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mystic
- County
- New London
- State
- Connecticut
- Longitude
- -71.9559
- Latitude
- 41.372
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$63,349
$2,159,600
$1,031,800
$3,191,400
-
$0.00
$0.00
$0.00
