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Class A Building with Absolute NNN leases! GORGEOUS NNN INVESTMENT PROPERTY FOR SALE IN DOWNTOWN MYSTIC. "The Anchor Building" has been extensively renovated inside and out in 2024 and is 100% leased, yet still has enormous value add potential (undeveloped land, top floor can be converted into a 1,350 sqft tenth unit, and rooftop cell tower opportunities all boost income substantially). Enjoy cashflow stability from Mystic's thriving Downtown economy and minimal landlord responsibilities with NNN leases. Utilities are metered separately and paid by tenants. Less than a one minute walk to the Mystic Train Station and a five minute walk to the famous Mystic Bascule Bridge! Investment grade real estate in Mystic (named the 4th best travel destination in the U.S.) doesn't come on the market often and doesn't stay for long, so don't miss out on this opportunity to own a piece of Mystic's Historic and Ever Popular Downtown Community! Energy efficient building with high end solar panels, flood proof design with a raised foundation, a hurricane proof awning, and a 24k gold leaf anchor sign! Cell tower value add opportunity and 4th floor buildout value add opportunity along with the value add opportunity of developing the land next door that belongs to this property presents various various means to huge upside for any investor not to mention Mystic's huge market growth potential to be the next Newport, Rhode Island. Building was fully renovated in 2024.

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Listed by Zach Pranger of Group Realty LLC

The data relating to real estate for sale on this website appears in part through the SmartMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SmartMLS through a licensing agreement. Listing information is from various brokers who participate in the SmartMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc.

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