1 Water St, Groton, CT

$2,625,000

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4,110

Square feet

0.11

Acres

About 1 Water St

Downtown Mystic! LOCATION, LOCATION, LOCATION! Fantastic opportunity to own an iconic piece of Mystic's history in premiere location. Historically known as Bank Square, The Densmore Building has been owned and cared for by the family for more than 60 years. High traffic count. Visibility from West Main Street, Bank Square and next door to The Standard. Many possible uses in the MDD zone. Oversized front windows on the first floor provide ample views of Water Street and the passersby. Separate entrances for both floors on Water Street and in the rear of the building with parking that faces Steamboat Wharf. 1st floor is currently an office with 2 half baths. 2nd floor features an open staircase that leads to a grand foyer with original wide board flooring and windows facing Water Street. Large front office off the foyer features original wide board floors and ample windows overlooking both Water and West Main Streets. 2 additional offices with wall to wall carpeting. 2 half baths. Rear office with views of Steamboat Wharf and stairs leading to parking in rear and 6 coveted parking spots. Zoning approvals and architectural plans available for 2nd floor apartment. 3 zone heating and 2 zone central air. Separate cable, telephone and electrical service. Additional space in attic for storage. Well maintained with many building improvements. Property also available for lease MLS#170496546. Possible partial owner financing .

Features of 1 Water St

MLS® # 170510396
Price $2,625,000
Bathrooms 0.00
Square Footage 4,110
Acres 0.11
Year Built 1910
Type Commercial/Investment
Sub-Type Office, Retail, Other
Status Active

Community Information

Address 1 Water St
Area Mystic
City Groton
County New London
State CT
Zip Code 06355

Amenities

Utilities Electric, Phone Available, Cable Available
Parking Spaces 6
Parking Paved, Assigned, Parking Lot
Garages Paved, Assigned, Parking Lot
Is Waterfront No
Has Pool No

Interior

Interior Vinyl, Wall-to-Wall Carpet, Wood
Interior Features Window Display
Heating Hot Water, Zoned, Oil
Cooling Central Air
Fireplace No
# of Stories 3

Exterior

Exterior Features Door Sign, Gutters, Lighting, Sidewalk
Lot Description Level Topography
Roof Asphalt Shingle
Construction Frame
Foundation Stone

Additional Information

Date Listed July 25th, 2022
Days on Market 71
Zoning MDD
RE / Bank Owned No

Listing Details

OfficeWilliam Pitt Sotheby's Int'l

Listing Map

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