60 Willow StMystic, CT 06355
LOW VACANCY RATE - HIGH DEMAND
Welcome to The Allen Spool Mill located at 60 Willow Street, Mystic CT. Originally built in 1887, the Allen Spool Mill was meticulously restored and renovated in 2011 and now contains 12 Luxury
apartments and 5 office suites. The property is a 3 story, 25,000 square foot historic mill structure sitting on a 0.76-acre lot. Enjoy spectacular Waterfront views from any window on any Level
overlooking Mystic River, Harbor, Mystic Train Bridge and Fishers Island Sound to the Long Island Sound. The building features original hardwood flooring, high ceilings, exposed braces and beams.
The luxury apartments contain high end finishes such as granite counter-tops, stainless steel appliances in designer kitchens, Washer and Dryer. Eco-friendly design elements such as energy-efficient lights and windows and Efficient Geothermal Heat and A/C. Besides all of these features, the main asset of this property is its One-of-a-kind Location. Amazing Waterfront Views of Mystic
River, Walking Distance to Downtown Mystic - home to eclectic shopping, dining, and local festivals year-round.
Exclusively Presented By: Mantas LaureckisTim BraySeaport Commercial12 Roosevelt AveMystic, CT 06355860-440-7044www.seaportcommercial.com
Disclosure:All information contained herein is from sources deemed reliable but not guaranteed; however, no representations or warranties are made as to accuracy or completeness and is provided subject to errors, omission, change, prior sale and withdrawal from market, all without notice. This information is confidential and is provided strictly as background information for the sole use of the prospective purchaser and its representatives. All interested parties are encouraged to make their own independent review and investigation of the property and verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing material herein are protected by copyright.
Table of Contents
• Welcome to Mystic• Aerial Photography• Location Map• Parcel Outline & Topography• Flood• Traffic Counts• Building Details• Office Space Details• Apartment Details• Exterior Photos• Interior Photos• Town Demographics Data• Floor Plan
A. Property CardB. DeedC. Schedule AD. Confidentiality Agreement
GENERAL ACCESS
*For NOI, Profit & Loss, Rent Roll etc. please contact listing agent directly.
PROPERTY VAULT (Available Upon Request - or CLICK HERE for FULL ACCESS)
Welcome To Mystic
The town and marinas of Mystic, Connecticut are situated at the heart of a culturally rich region that extends from the Connecticut River Valley to Rhode Island and from the headwaters of the Thames River to Long Island Sound. This area offers the serenity of nature, the discovery of history, the delights of good food and drink, unique and diverse shopping, and interesting places and activities for all ages.
Settled in the early to mid-1600's, Mystic and the other towns and communities on the Eastern Connecticut and Rhode Island shore started as vital shipping and whaling centers. Many residents today are descendants of the early seafaring families, as well as the Pequot, Mohegan and Niantic nations that first occupied this land. During the era of the great clippers, Mystic was known for building some of the fastest and most famous of these tall ships. Today you can revisit this rich heritage at the Mystic Seaport and the many other seafaring museums in the area. Life in Mystic still reflects its deep maritime roots; fishing fleets embark from nearby Stonington and ferries make daily trips to Block Island, Fisher's Island, Martha's Vineyard and Long Island. And an abundance of public and private marinas give residents and visitors ample opportunities to enjoy three seasons of water sports and great fishing. A peaceful place with so much to do.
There's always something happening in this quiet yet dynamic area. Year-round attractions like the Mystic Aquarium and the Seaport are world-class institutions that showcase America's seagoing history and the wonders of life below the ocean's surface. The Aquarium is one of the nation's foremost institutions for the study and preservation of whales, and is the home base of Dr. Robert Ballard, the oceanographer who explored the Titanic and many of the other historic vessels lost in these seas. Right outside the door from Randall's Wharf, the village of Mystic features the country's oldest bascule drawbridge, more than 15 restaurants reflecting a wide variety of national and international cuisines, unique clothing and gift stores, plus two ice cream shops and two coffee bars. Olde Mistick Village, with over 60 shops and restaurants, is a favorite with residents and visitors; a world apart from ordinary malls, it features one-of-a-kind and handmade items from local and international sources.
Cider mills to wineries, walking tours to steam trains and riverboats, the quiet of the Connecticut College Arboretum to the excitement and entertainment of the world's two largest casinos... there's something for everyone...and all within ten miles of Randall's Wharf.
Parcel Outline & Topography
287' 21'
118'
158'48'
145'
10'8'
6'
Topography
Flood MapPage 1 of 1
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Courtesy of Jamie Molinares, Smart MLS, Inc
Generated on 10/23/2019
60 Willow St, Stonington, CT 06378, New London County
Report Date: 10/23/2019 County: New London
Flood Zone Code: VE Community Name: Stonington
Flood Zone Panel: 090193-09011C0534J Special Flood Hazard Area (SFHA): In
Panel Date: 08/05/2013 Within 250 feet of multiple flood zone: No
Flood Code Description: Zone VE-An area inundated by 100-year flooding with velocity hazard (wave action); BFEs have been determined.
SFHA Definition: The land area covered by the floodwaters of the base flood is the Special Flood Hazard Area (SFHA) on NFIP maps. The SFHA is the area where the NFIP's floodplain management regulations must be enforced and the area where the mandatory purchase of flood insurance applies. The SFHA includes Zones A, AO, AH, A1-30, AE, A99, AR, AR/A1-30, AR/AE, AR/AO, AR/AH, AR/A, VO, V1-30, VE, and V.
This map/report was produced using multiple sources. It is provided for informational purposes only. This map/report should not be relied upon by any third parties. It is not intended to satisfy any regulatory guidelines and should not be used for this or any other purpose.
Traffic Counts
60 Willow St. is located off Route 1 which averages 10,300 counts per day.
Building Details
Details
Style: Commercial Mixed UseUse: Apartment/Office spaceGross Area: 33,030Rent-able Area: 24,525Year Built: 2011Acres: .762018 Taxes: $45,881 Zone: IHRD-4 (Industrial Heritage Re-Use District)
Flood: VEParking: On Site parking provided Heating: Forced Hot Air/Electric Cooling: Central Air
Well Appointed Features
− Water views (back facing offices and apartments only)
− Mail Center− ADA Compliant− Exposed Wood Facade− Elevators− Wood Flooring− 3 floors (1st floor office spaces, 2nd and 3rd floor are apartments)
Office Space Details
Well Appointed Features
• High Ceilings• Wood Floors• Electric & Phone Available• Paved, Off Street Parking• Security
Mystic’s Premiere Office Space! Stunning location in the heart of Mystic, CT. Water views. Ample parking and meticulous attention to detail… hardwood floors, exposed beams, geo-thermal heating system. Walking distance to restaurants, post office, marina, shops.
Apartment Details
Well Appointed Features
• Water views from back facing apartments• Tenant Mail Center• Gas Range• Dishwasher• Cable Available• Elevator• Hot Air fueled by Geothermal• Central Air• Tall Ceilings• Large Windows• Granite Counter Tops• Washer & Dryer• Hard Wood Floors
Rare opportunity to rent an upscale apartment in Downtown Mystic with walking distance to Restaurants, Post Office, Marina and Shops. Enjoy spectacular views from your apartment overlooking Mystic River, Mystic Train Bridge.
Exterior Photo Highlights
Interior Photo Highlights
Groton, Connecticut CERC Town Profile 2019 Produced by Connecticut Data Collaborative Town Hall45 Fort Hill RoadGroton, CT 06340(860) 441-6630
Belongs ToNew London CountyLMA Norwich - New London - WesterlySoutheastern Planning Area
Incorporated in 1705
Town County State2000 39,907 259,088 3,405,5652010 40,115 274,055 3,574,0972013-2017 39,492 270,772 3,594,4782020 40,326 283,665 3,604,591'17 - '20 Growth / Yr 0.7% 1.5% 0.1%
Town County StateWhite Alone, Non-Hispanic 27,841 206,261 2,446,049Black Alone 2,829 15,556 376,240Asian 2,176 11,210 156,450Native American 160 1,722 9,385Other/Multi-Race 3,292 22,466 294,408Hispanic or Latino 5,259 27,186 551,916Town County State
Land Area (sq. miles) 31 665 4,842Pop./Sq. Mile (2013-2017) 1,273 407 742Median Age (2013-2017) 33 41 41Households (2013-2017) 16,002 107,193 1,361,755Med. HH Inc. (2013-2017) $63,895 $69,411 $73,781
Town County StatePoverty Rate (2013-2017) 10.2% 9.9% 10.1%
Town StateHigh School Graduate 7,231 28% 673,582 27%Associates Degree 2,099 8% 188,481 8%Bachelors or Higher 9,347 37% 953,199 38%
Town StateVeterans (2013-2017) 3,398 180,111
0-4 5-14 15-24 25-44 45-64 65+ TotalTown 2,694 7% 3,708 9% 7,526 19% 11,232 28% 8,879 22% 5,453 14% 39,492 100%County 13,625 5% 30,437 11% 38,082 14% 65,254 24% 78,190 29% 45,184 17% 270,772 100%State 186,188 5% 432,367 12% 495,626 14% 872,640 24% 1,031,900 29% 575,757 16% 3,594,478 100%
Demographics
Population Race/Ethnicity (2013-2017)
Educational Attainment (2013-2017)
Age Distribution (2013-2017)
Sector UnitsEmployment
Total - All Industries 1,079 28,125
23 - Construction 58 179
31-33 - Manufacturing NA NA
44-45 - Retail Trade 126 1,879
54 - Professional, Scientific, and Technical Services 136 1,697
72 - Accommodation and Food Services 132 2,166
Total Government 55 3,646
AmountPfizer Inc., $322,120,250Electric Boat Corp $287,676,760Ledges Groton #199Y LP $27,845,860Exit 88 Hotel LLC $21,524,220Groton Development Assoc LTD $19,920,670Net Grand List (SFY 2016-2017) $3,802,539,060
Electric Boat Corporation U.S. Navy Submarine BasePfizer, Inc. Town of Groton1109th TASMG - CT ArmyNational Guard
Economics
Business Profile (2018) Top Five Grand List (2018)
Major Employers (2018)
Grades EnrollmentGroton School District PK-12 4324
Grade 3 Grade 4 Grade 8Town State Town State Town State
Math 54.1% 53.8% 53.1% 51.3% 54.4% 43.0%ELA 59.5% 53.1% 55.6% 54.9% 66.2% 56.1%
2018-2019Groton School District 190 All
Connecticut 10.7%Groton School District 11.6%
All Female MaleConnecticut 88.3% 91.8% 85.1%Groton School District 83.7% 90.0% 78.8% Town County State
Public 88.3% 88.6% 86.8%Private 11.7% 11.4% 13.2%
Education
2018-2019 School Year Smarter Balanced Test Percent Above Goal (2017-2018)
Pre-K Enrollment (PSIS)Rate of Chronic Absenteeism (2017-2018)
4-Year Cohort Graduation Rate (2017-2018)
Public vs Private Enrollment (2013-2017)
Town Profiles Generated on 10/22/19 - Page 1 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this
information.
Groton, Connecticut CERC Town Profile 2019
Total Revenue (2017) $135,088,508Tax Revenue $83,180,759Non-tax Revenue $51,907,749Intergovernmental $48,964,896
Per Capita Tax (2017) $2,109As % of State Average 71.9%
Total Expenditures (2017) $133,430,459Education $90,690,477Other $42,739,982
Total Indebtedness (2017) $45,147,078As % of Expenditures 33.8%Per Capita $1,155As % of State Average 45.9%
Annual Debt Service (2017) $6,215,462As % of Expenditures 4.7%
Eq. Net Grand List (2017) $4,914,736,072Per Capita $125,777As % of State Average 83.3%
Moody's Bond Rating (2017) Aa2Actual Mill Rate (2017) 21.73Equalized Mill Rate (2017) 16.77% of Net Grand List Com/Ind (2017) 23.6%
Government Form: Council - Manager
Government
Town County State
Total Units 18,073 122,599 1,507,711% Single Unit (2013-2017) 45.5% 65.5% 59.2%New Permits Auth (2017) 36 295 4,547As % Existing Units 0.2% 0.2% 0.3%Demolitions (2017) 0 35 1,403Home Sales (2017) 293 2,137 21,880Median Price $237,500 $238,900 $270,100Built Pre-1950 share 22.4% 29.0% 29.3%Owner Occupied Dwellings 7,425 71,447 906,798As % Total Dwellings 46.4% 66.7% 66.6%Subsidized Housing (2018) 4,049 13,693 167,879
Town County State
Less than $100,000 26 128 536$100,000-$199,999 55 662 5,237$200,000-$299,999 106 709 6,681$300,000-$399,999 41 376 3,863$400,000 or More 65 262 5,563
Town County State
Median Rent $1,183 $1,071 $1,123Cost-burdened Renters 45.7% 48.6% 52.3%
Housing/Real Estate
Housing Stock (2013-2017) Distribution of House Sales (2017)
Rental (2013-2017)
Town County StateResidents Employed 17,832 132,032 1,827,070Residents Unemployed 642 5,431 78,242Unemployment Rate 3.5% 4.0% 4.1%Self-Employed Rate 7.1% 8.2% 10.0%Total Employers 1,079 7,772 122,067Total Employed 28,125 123,881 1,673,867
Commuters Into Town From: Town Residents Commuting To:Groton, CT 4,997 Groton, CT 4,997Stonington, CT 1,749 New London, CT 1,413Ledyard, CT 1,727 Stonington, CT 1,041New London, CT 1,454 Ledyard, CT 827Waterford, CT 1,449 Waterford, CT 779Norwich, CT 1,190 Norwich, CT 639East Lyme, CT 1,086 Montville, CT 600
Labor Force
Connecticut Commuters (2015)
Town State
Property 1,535 1,777Violent 129 228
Town State
Female 17.6% 4.2%Male 0.4% 5.6%
TownLibrary circulation per capita 9.49
Miles
Hartford 45
Providence 46
Boston 86
New York City 110
Montreal 301
Groton Utilities Electric Division(860) 446-4000
Eversource Energy(800) 989-0900
Groton Utilities Water Division(860) 446-4000
Thames Valley Communications, Inc(860) 446-4009
Quality of Life
Crime Rates (per 100,000 residents) (2017)
Disengaged Youth (2013-2017)
Distance to Major Cities Residential UtilitiesElectric Provider
Gas Provider
Water Provider
Cable Provider
Town Profiles Generated on 10/22/19 - Page 2 profiles.ctdata.org No representation or warranties, expressed orimplied, are given regarding the accuracy of this
information.
Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing materials herein are protected by copyright law. ©
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Information deemed to be reliable but not guaranteed. Parties are required to verify all information independently as the Owner and Representatives have no liability as to the accuracy or completeness of the material. All images, verbiage, layout and marketing materials herein are protected by copyright law. ©
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