15 Water Street

Groton, CT
$ 1,750,000 Beds 0 Baths 6 Sq 6,272
Monthly Estimate* How much can I afford?

Exceptional opportunity to own one of Downtown Mystic’s quintessential historic and architecturally stunning Waterfront District properties. Currently owned and managed by the Mystic Museum of Art, care has been taken at every turn to maintain the integrity and usefulness of this unique multi-purpose structure. The lowest level has been the site of a bar/restaurant; its underground/basement/pub feel has been the perfect backdrop for some of Mystic’s favorite hotspots. The main level is currently used by the Museum and has showcased several works of art in its gallery. Lower level and main floor have the ability to be combined for a larger footprint/two level space. Second and third floors contain a total of 3, delightfully renovated, one-bedroom apartments. While each apartment is distinctive with its own floor plan and view they all offer hardwood floors, ample living space and plenty of natural light. Tenants each have access to one assigned off-street parking space, a prized possession in Downtown. 15 Water St. is a rare find, hallmark of the area and emblem of years past. Perfect property for owner operator or an investor looking for a legacy parcel to add to portfolio.

Commercial

  • Price
  • $ 1,750,000
  • Lot Size
  • 6,098 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 6,272
  • Full Bathrooms
  • 6
  • Year Built
  • 1859
  • Half Bathrooms
  • 0
  • City, Zip
  • Groton
  • Taxes
  • 25701
  • County
  • NEW LONDON
  • Style
  • Commercial For Sale
  • Area
  • MLS#
  • 170358788
  • Zip
  • 06355
Listing Provided by: Arruda Real Estate Associates

Features

General

ADA Compliant Yes
Commercial Catagory Investment, Office, Residential Income
Flooring Ceramic Tile, Concrete, Wood
Handicap Features Ramps
Location Downtown, Historic Area
Neighborhood Mystic
Present Use Restaurant/Retail/Apartments
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Phone Available, Cable, Fire Suppression System
Year Built 1859
Zoning MDD

Interior Features

Cooling System Central Air, Ductless
Heat Fuel Type Electric, Propane
Heat Type Hot Air, Radiant
Interior Features Fire Suppression System, Handicap Design, Public Restrooms, Security System
Restrooms Number Of 6
Sq Ft Residential 2491
Sq Ft Retail 3781
Sq Ft Source Public Records
Sq Ft Total 6272
Total Numof Units 5
Unit Count 5

Exterior Features

Acres 0.1400
Exterior Features Gutters, Pole Sign
Foundation Concrete, Stone
Garage Parking Info None
Lot Description Sloping Lot
Parking Spaces Uncovered 5
Parking Total Spaces 5
Road Frontage Description Municipal Street
Roof Information Asphalt Shingle
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Guilford, CT office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/28/2020 Listed $1,750,000

Property vs Zip Code Average in 06355

Price
AVG $410K
$1.75M
Taxes
AVG $13,868
$25,701
Visits
AVG 22
19
Year Built
AVG 1963
1859
Walkscore
AVG 35
57
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

15 Water Street Groton, CT is a Single Family Home for sale at $1750000 with 6272 sqft and a lot size of 6,098 SqFt Acre(s). 15 Water Street Groton has 0 bedrooms, 6 baths and was built in 1859. The property's zip code is 06355 which is in Groton, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Joseph Cifarelli

Joseph Cifarelli

203-871-0826

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