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$ 2,250,000
Est. payment | /mo
7.23 Acres Lot
$ 2,250,000
Est. payment | /mo
7.23 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24186614
Annual Tax Amount $9,864
Lot Size 7.230 Acres
Property Sub-Type Commercial Land
Property Description
Positioned on the highly desirable corridor connecting historic downtown Mystic and Stonington, this undeveloped parcel offers a rare canvas for a landmark project. Location is key here- land with this level of visibility and proximity to Mystic's booming tourism, dining, and retail hub is virtually non-existent. A Proven Head Start. Phases 1 & 2 of environmental studies are complete, leaving only Phase 3 approvals to be finalized by the incoming developer. While the parcel contains some wetlands, the path to unlocking its full potential is clear: with the completion of Phase 3 and a standard strategy to fill and raise the site, this property will be fully primed for construction. Ideal for mixed-use or condominiums. The ongoing demand for both housing and premium commercial space in the Mystic market, the site's footprint is highly versatile. It is an idea match for luxury condominiums, tapping into the high-end coastal residential market. OR commercial retail, dining, or office spaces with upscale apartments. Seize the chance to shape the future of the Mystic-Stonington line. Bring your vision to a high-demand, high-yield location and take Phase 3 across the finish line.
Location
State CT
County New London
Zoning GC-60
Exterior
Utilities Available Electric
Waterfront Description Water Community
Building
Lot Description Some Wetlands, Level Lot, Open Lot
Sewer None
Water None
Listed by Jonathan Shockley • Serhant Connecticut, LLC
Nearby Locations
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Ilka Torres
Broker | License ID: REB.0794005