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200 Sandy Hollow Road, MysticGroton, CT 06355MLS Number 170226676

  • Price: $750,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.57% last updated on 2019-10-10

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 1.34Acreage
  • 1966Year Built
  • 7,108Square Feet
  • $72,939Gross annual expense

This offering is for 200 Sandy Hollow Road Mystic CT a professional office building home to two health care providers. The property is directly off of Exit 89 I-95 North and boarders the I-95 Exit and I-95 ROW. Currently there are two tenants, The Hartford Health Care Group and Thames Eye Care. The building contains 7100 SF of space in two levels, 3,268 SF in the Lower Level and 3,840 SF on the first floor. The building and its systems have been upgraded significantly over the past several years with a new roof (6-8 yrs.), new site lighting and expanded parking which now handles over 50 cars, a new furnace (approximately 5 yrs.) and a new septic tank and septic repairs (approximately 3 yrs.) Currently the property is a high performer with an NOI of 103K. All showings will need to be scheduled in advance as both business are very busy.

Listed by Michael Franklin of William Raveis Real Estate

Driving Directions

Market Realty, LLC

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

More Info

Basic Information

  • Broker NameWilliam Raveis Real Estate
  • List Price$750,000
  • MLS Number170226676
  • Property TypeCommercial For Sale
  • StatusACT
  • TownGroton
  • Gross annual expense$72,939
  • Gross annual income$186,388
  • Commercial catagoryOffice, Other
  • Also for leaseNo

Interior

  • Handicap FeaturesBath Grab Bars, Multiple Entries/Exits, Ramps
  • Interior featuresEmployee Lounge, Handicap Design

Exterior

  • Exterior featuresDoor Sign, Lighting, Pole Sign

Utilities

  • Heat SystemBaseboard
  • Heating FuelOil
  • Utilities availableElectric, Telephone, Cable
  • Water sourcePrivate Well
  • Cooling SystemWindow Unit
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemSeptic
  • Electric Volts400

Tax Information

  • Assessed value$652,400
  • Taxes$17,843
  • Tax YearJuly 2019-June 2020
  • Milrate base24
  • Milrate tax district3
  • Milrate total27.35

Building

  • FoundationConcrete
  • RoofAsphalt Shingle
  • Year Built1966
  • Building ConstructionFrame
  • AtticNo
  • Garages
  • FlooringCeramic Tile, Vinyl, Wall-to-Wall Carpet
  • Ceiling height8
  • Garage Parking InfoNone
  • Square Feet7,108
  • Restrooms number of4
  • Sqft office7108
  • Stories2
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDFRANKLIN,

Location

  • CountyNew London
  • LocationHighway Access, Suburban
  • NeighborhoodMystic
  • StateCT
  • Zip06355

Property

  • Acreage1.34
  • Lot DescriptionLevel Lot
  • Parking Spaces54
  • Parking spaces covered
  • Parking spaces uncovered54
  • Parking spaces per 1000sqft7
  • FloodzoneNo
  • Road Frontage344
  • Road Frontage DescriptionInterstate Highway, State Road
  • SwimmingpoolNo

Water Body

  • WaterfrontNo

Other

  • Documents AvailableAppraisal, Plot Plan/Survey, Topographical Survey
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • SubdividableYes
  • Net operating income113449
  • Space is leasedNo
  • Present useHealth Care / Medical
  • Potential useProfessional Office
  • View Count7

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Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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