NOMADEReal Estate

$2,259,000

Active

48-50 Main Street

Groton, Connecticut, 06355 · New London County

0

Beds

4

Baths

4,909

Sq Ft

1915

Built

MLS # 24159259

Price / Sq Ft

$460

Property Type

Commercial For Sale

Lot Size

0.11

Class

Property

About This Property

Premier Downtown Mystic Location - Three Retail Spaces on the first level and 2 Office/Retail spaces on the second level. One Retail Space on the first level currently available for YOUR business. Each first floor space has a private half bath. One Half Bath on the second floor is shared by two tenants. Total half baths is 4. Situated at one of the most visible and highly trafficked intersections in the Historic Village center and in the MDD zone. Income-Producing Asset. High Foot & Vehicle Traffic - Steps from Mystic Pizza, SIFT Bakery, Boutique Shops, Restaurants, and the Mystic River Waterfront. Historic New England Architecture and one of Mystic's most recognizable and desirable commercial properties. Mystic is one of the most visited destinations in New England, supporting year-round business activity and consistent rental demand. Serviced by Municipal water and sewer and oil-fired heating system. This Appx. 4,909 SF, two-story commercial building is positioned on approximately 0.11 acres at the corner of West Main and Pearl Streets in the heart of Downtown Mystic. This building offers excellent visibility, consistent pedestrian traffic, and proximity to some of Mystic's most popular attractions, ensuring long-term stability and value. Many uses in the MDD Zone.

Property Details

48-50 Main Street, Groton Connecticut 06355 — Commercial For Sale listed at $2,259,000.

At a Glance

0

Bedrooms

4

Bathrooms

4,909

Sq Ft

0.11

Lot Size

--

Garage

1915

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodNew London
Address48-50 Main Street
MLS Number24159259
Year Built1915
Square Footage4,909
Lot Size0.11
Bedrooms0
Bathrooms4
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value439950
Mil Rate Total27.22
Property Tax11975
Tax YearJuly 2025-June 2026

Property Features

Cooling SystemNone
Exterior FeaturesSidewalk,Awnings,Gutters
Heat Fuel TypeOil
Heat TypeBaseboard
Interior FeaturesWindow Display
Roof InformationAsphalt Shingle,Flat

Location & Community

DirectionsRt. 1 to Downtown Mystic. Property on the Corner of West Main St and Pearl St.
LocationDowntown
NeighborhoodMystic

All Photos (24)

Affordability Calculator

$2,259,000

Down Payment$451,800
Loan Amount$1,807,200
Principal & Interest$11,423/mo
Property Tax$2,259/mo
Insurance$100/mo
Est. Monthly$13,782/mo

Listing Agent

J

Judith Caracausa

William Pitt Sotheby's Int'l

Contact Judith Caracausa

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Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24159259
Last Updated2026-04-07