12 Roosevelt Avenue Stonington, CT 06378

196095565 41.35063 -71.96149 221 /listing/196095565-150271808/12-roosevelt-avenue-stonington-ct-06378 False 0 4100000.0 41053 101 170041435 False
  • $4,100,000
  • 41,053 sqft
  • 1.92 lot
  • Est payment $22009.69/mo

Property & Neighborhood Info

Courtesy Of Seaport Commerical

Commercial in Stonington

It is argued that the Mystic Packer building is the most ideal location for retail and office spaces in the area. With its views of the Mystic Harbor, accessibility to the train station and proximity to local restaurants and tourist attractions it is highly sought after as demonstrated by consistent high occupancy. This location also offers what most office buildings in Mystic lack, parking spaces to accommodate all tenants and guests. Prime Investment Opportunity close to Downtown Mystic with ample parking. This 41,053 s.f. office building has a core factor of approximately 14% , 30 tenants and 92% leased.Built in 1902, The Packer Building has had only three owners, The Packer Tar Soap Company, The ABC Film Company, and the present Office Complex owned by Mystic Packer LLC who purchased the building back in 1984 and affectionately restored it to its glory. The character and architecture of the building has been preserved as evidenced by exposed brick and high ceilings. The infrastructure including two industrial grade elevators, updated electric, and state of the art networking capabilities make this one of the most sought after buildings in the region.The Packer Building Offers a fashionable working environment highlighted by Peoples Bank, Fred Astaire Dance Studios, Natura Medica, MResult, multiple Attorney’s Offices and Seaport Real Estate Group. The building caters to smaller businesses as well as mature companies employing hundreds of employees globally.

Courtesy Of Seaport Commerical
  1. 41,053 Sq. Ft.
  2. 1.92 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1902
  • Floors: 3
  • County: New London
  • Taxes: $60,320.00
  • Units: 19
  • Zoning: M-1
  • MLS Number:170041435

Additional Features

  • Cooling:
    • Central Air
    • Zoned
  • Interior Features:
    • Elevator
    • Fire Suppression System
    • Handicap Design
    • Loading - Dock Height
    • Public Restrooms
    • Security System
  • Sqft Source:
    • Public Records
  • Restrooms:
    • 22
  • Business Type:
    • Office
  • Construction:
    • Brick
  • Garage:
    • Parking Lot
    • Paved
  • Location:
    • Downtown
  • Occupied By:
    • Tenant
  • Roof:
    • Asphalt Shingle
    • Flat
  • Foundation:
    • Brick
  • Dock:
    • 1
  • Exterior:
    • Awnings
    • Doors - 10-15 ft
    • Gutters
    • Sidewalk
  • Flood Zone:
    • Y
  • Lot Description:
    • Some Wetlands
  • Parking Spaces:
    • 80
  • Fuel:
    • Electric
    • Propane
  • Heating:
    • Electric
    • Heat Pump
    • Propane
    • Steam
    • Wall Unit
    • Zoned
  • Sewer:
    • Public Sewer Connected
  • Utilities:
    • Cable
    • Electric
    • Fire Suppression System
    • Telephone
  • Handicap Features:
    • Handicap Parking
  • Present Use:
    • Office
  • Road Frontage:
    • Municipal Street
  • Water:
    • Public Water Connected
  • Bank Owned:
    • N
  • Documents On File:
    • Brochure
    • Demographic Data
    • Legal Description
  • Gross Income:
    • 553546
  • Net Operating Income:
    • 321536
  • Annual Expenses:
    • 232010
  • Complex Name:
    • Packer Building
  • Covered Spaces:
    • 0
  • Possession:
    • TBD
Neighborhood info courtesy of Homes.com © 2019

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WEICHERT, REALTORS® - Suburban Properties
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12 Roosevelt Avenue Stonington, CT 06378

196095565 41.35063 -71.96149 221 /listing/196095565-150271808/12-roosevelt-avenue-stonington-ct-06378 False 0 4100000.0 41053 101 170041435 False
  • $4,100,000
  • 41,053 sqft
  • 1.92 lot
  • Est payment $22009.69/mo