$2,100,000
$2,299,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
3,232 SqFt
SOLD DATE : 07/27/2023
Key Details
Sold Price $2,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,232 sqft
Price per Sqft $649
MLS Listing ID 170567319
Sold Date 07/27/23
Year Built 1964
Annual Tax Amount $20,436
Lot Size 2.410 Acres
Property Description
Four Mile River Marina is a marine opportunity on the New England Coastline located about halfway between New York and Boston, and approximately 45 minutes from both New Haven and Hartford. The marina offers 94 permitted wet slips, a boat ramp, on-site fuel, shop, repair and storage building, land storage for boats and trailers, customer bathrooms and shower, a 2 bedroom 1 bathroom ranch that is currently rented, and a 4 bedroom 3 bathroom colonial. The marina has been well maintained in terms of infrastructure and DEEP compliance and has had a number of recent capital improvements. The marina has a strong slip rental history. This is a great marina opportunity for an owner/operator who wants to live on-site. Alternatively, both homes could be rented instead to increase revenue potential. Nestled between Rocky Neck State Park and Point O' Woods beach community, the marina is situated on the Four Mile River in Old Lyme which offers increased protection from most inclement weather coming off the Long Island Sound. The marina is a convenient departure for day trips to the nearby Thimble Islands, the Connecticut River (Essex, Hamburg Cove), Thame River (Mohegan Sun Casino, New London), Mystic Seaport, Fishers Island, Orient Point, Port Jefferson, and many other boating destinations. It is also an excellent departure for trips to Block Island, Newport, Cape Cod, Martha's Vineyard, Nantucket, and many other ports on the shorelines of CT, RI, MA, and NY.
Location
State CT
County New London
Zoning WF20
Interior
Interior Features Living Space Available, Loading - Waterfront, Public Restrooms
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Awnings, Gutters, Outside Storage Area, Storage Building
Garage Unpaved, Unassigned Parking, Parking Lot
Utilities Available Electric, Gas, Cable
Roof Type Asphalt Shingle,Composition
Building
Lot Description Level Lot
Foundation Concrete
Sewer Septic
Water Private Well
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Bought with Victoria Bothroyd • William Pitt Sotheby's Int'l
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Broker | REB.0791464