Sold

Closed

49-53 West Main Street

Groton CT, 06355

$2,950,000


$327.78 per sqft

Sold

Closed

1 Bath

9,000 sqft

Commercial

Built in 1947

Iconic Location - Two buildings zoned MDD in the heart of Historic Downtown Mystic with three private parking spaces. Just a stone's throw from Mystic Pizza and Sift Bakery. 49 West Main Street is a two-story Brick Facade Retail Building. 53 West Main Street is a two-story approximately 4,500 square foot building offering spacious retail space with many large retail display windows. Also included is an approximately 1,250 square foot two-bedroom apartment on the second floor that is currently used as a short-term rental on Airbnb. This iconic building has been home to Bank Square Books since 1988 and offers a unique blend of commercial and residential charm. Located at a prime corner position at the head of Main Street in Historic Downtown Mystic, this property boasts unparalleled visibility and foot traffic. Imagine your business thriving in this vibrant downtown setting, surrounded by unique resort shops, fine restaurants, deep water marinas, the Mystic River Bascule Bridge, and the Mystic Seaport Museum nearby. The possibilities are endless as you shape the next chapter of this storied location. Above the bustling bookstore, discover a hidden gem - a spacious apartment with endless potential. Currently used as an Aribnb, this residence and property presents an incredible income opportunity or a tranquil retreat for those seeking the ultimate live/work balance. Embrace the allure of Mystic living while reaping the rewards of an established business location!

24018619

MLS ID

June 12, 2024

Listed

November 27, 2024

Updated

Map

49-53 West Main Street
Groton CT, 06355

Interior Features

Total Bathrooms

1


Full Bathrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Forced Air

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Corner Lot, Level


Sewer

Public Sewer

Other Property Details

Area Name

Mystic


Taxes

$22,699


Tax Frequency

Annually


Days on Market

98


Garage

No


View

No


County

New London


Water Source

Public


Pool

No


Zoning

MDD

Listing History

Date

Event

Price

11/26/2024

Sold

$2,950,000

9/20/2024

Pending

Listed by Judith Caracausa with William Pitt Sotheby's Int'l

Listing Contact: 8609129903 

The IDX display contains information sourced from the  Smart MLS, Inc as of 11/27/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/27/2024 at 12:41 AM UTC

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