3-5 Pearl Street

For Sale

3 Pearl Street, Groton, CT 06355

This Groton property for sale is located at 3 Pearl Street. The general use of 3-5 Pearl Street is mixed use and it incorporates 10,100 square feet of class A mixed use space. The current listed sale price for 3-5 Pearl Street is $8,400,000. 3-5 Pearl Street is situated on a lot that is 0.52 acre in size.

Contacts

broker
Zach Pranger

Group Realty LLC

Property Details

  • Property Type Mixed Use
  • Property Size 10,100 SF
  • Units 10
  • Lot Size 0.52 Acre
  • Cap Rate % 9
  • Zoning Mixed Use Commercial
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Renovated 2024
  • Date Updated Dec 6, 2024

2.5% Commission for Buyer's Agents. Incredible investment opportunity with over half an acre located in the heart of Downtown Mystic, steps away from the Historic Draw Bridge. Now a resort style property, all four buildings at 3 and 5 Pearl Street are being offered together to create this 0.525 Acre package, a perfect addition to your investment portfolio, with NNN leases and an extensive renovation adding high end amenities and cost saving upgrades inside and out ensures bare minimum landlord responsibilities and no deferred maintenance. This 10,100 sqft retail/residential package offers a unique opportunity for redevelopment of one of the largest parcels of land in Downtown Mystic, named a top tourist destination in the U.S.

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Highlights

  • Downtown Mystic

Getting around

  • 71/100

    Walk Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Groton, CT
  • Neighborhood West Mystic
  • Zip Code 06355

Points of Interest

  • New London Union Station

    6.33 miles

  • New London

    6.33 miles

  • Shell

    0.48 miles

  • Valero

    1.45 miles

  • Citgo

    2.68 miles

  • Gulf Express

    5.19 miles

  • Hess

    5.34 miles

  • Mobil

    5.60 miles

  • Steamboat Wharf Parking

    0.08 miles

  • Mystic Art Association (Walking)

    0.13 miles

  • Museum South Parking

    0.56 miles

  • Museum North Parking

    0.72 miles

  • Connecticut Park and Ride

    2.97 miles

  • Bluff Point Parking

    3.51 miles

  • Stonington Point Parking Lot

    3.90 miles

  • M Lot

    4.87 miles

  • Steamboat Inn

    0.10 miles

  • The Whaler's Inn

    0.20 miles

  • Inn at Mystic

    0.65 miles

  • Hyatt Place Mystic

    1.26 miles

  • Rodeway Inn

    1.34 miles

  • Holiday Inn Express Mystic - Groton

    1.34 miles

  • Howard Johnson by Wyndham Mystic

    1.39 miles

  • Hilton Mystic

    1.44 miles

  • Mystic River Hotel & Suites

    1.58 miles

  • Hampton Inn & Suites

    1.67 miles

  • Big Y

    1.28 miles

  • McQuade's Marketplace

    1.32 miles

  • Borough Hall

    3.71 miles

  • ALDI

    4.34 miles

  • TJ Maxx

    4.36 miles

  • Walmart

    4.97 miles

  • Stop & Shop

    5.04 miles

  • Kohl's

    5.07 miles

  • Village Market

    6.44 miles

  • New London Commissary

    6.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Zach Pranger

Group Realty LLC