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Elms Inn at Crescent Beach
25-27 Ocean Ave., Niantic, CT 06357
Last Verified 6/26/2010
Listing ID 15827107
Highlights
Historic Elms Inn @ Crescent Beach- 24 Rooms with an Owner's Suite
- Most Rooms Recently Renovated with New Baths and Carpet
- Less than 20 yards from a Sandy Beach
- Unlimited Potential Exists...Bed & Breakfast, Restaurant & Inn or Convert to a 1 Family Residential Dream Home
- A Must See! More InformationAvailable
Description
Just Reduced! Owner Motivated!
Elms Inn @ Crescent Beach: 24-room Waterfront Inn (w/ Owner's Suite) on Crescent Beach. This Historic Inn was passed down through family generations. A rare opportunity exists to operate & own your own Waterfront Inn. Whether you prefer to operate year round or during the most profitable 100 days of Summer making this a seasonal investment, this opportunity will only come once and this is your chance.
Consists of 11,420SF of Oceanfront Beauty with waterviews from most windows. Property size is .37 Acres on a corner lot. Endless opportunities potentially exist here such as operating as a successful Inn, adding a restaurant on the lower level or operating as a Bed & Breakfast. You could even possibly subdivide the lot or potentially convert the Inn to the oceanfront home of your dreams.
Contact listing agent for an e-mail package which includes photos, demographics, consumer spending patterns, aerial photos, traffic count, cash flow pro-forma, etc.
The business and all related equipment convey with the sale of the real estate at this price. Owner Motivated!
An additional 4-units may be available across the street as well.
I-95 exit 74 Flanders Rd., 1 Mile South on Route 161, Right onto East Pattagansett Road, Left at Main Street Route 156, Right onto Columbus Ave., Left onto Atalntic Street, Follow to Crescent Beach.
Map of 25-27 Ocean Ave., Niantic, CT 06357 (New London County)
Created 7/30/2008
Additional Information for 25 Ocean Avenue, Niantic, CT 06357
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO