1 Water Street, Groton, CT


Previous Next


Square feet



About 1 Water Street

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. Possible partial owner financing .

Features of 1 Water Street

MLS® # 170510396
Price $1,346,500
Bathrooms 0.00
Square Footage 4,110
Square Footage Public Records
Acres 0.11
Year Built 1910
Type Commercial For Sale
Status Closed

Community Information

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


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


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 Features Door Sign, Gutters, Lighting, Sidewalk
Lot Description Level Lot
Roof Asphalt Shingle
Foundation Stone

Additional Information

Date Listed July 25th, 2022
Days on Market 586
Zoning MDD
RE / Bank Owned No

Listing Details

OfficeWilliam Pitt Sotheby's Int'l

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?