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54 Old Boston Post Rd - Pier 76 Marina 5,244 SF Specialty Building Offered at $1,980,000 in Westbrook, CT 06498

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INVESTMENT HIGHLIGHTS

  • A prime location that's hard to replicate
  • Marinas may offer boat maintenance shops, mechanical boat repair, and boat towing services
  • Marinas may have retail stores and restaurants

EXECUTIVE SUMMARY

NEW PRICE! READY TO SELL!! Anglers and investors take notice, opportunity to own Pier 76 - Westbrook's first Marina established in 1948. The marina is situated on 10.71 acres and features two mix use buildings totaling 5244 sq/ft and 15 docks with 256 slips accommodating both power boat and jet ski vessels up to 26' in length. Well known for its commitment to customer service and local reputation, Pier 76 abuts Old Boston Post and Hammock Road. Westbrook is well known for its rich nautical history and was home to the original inventor of the submarine. The marina is a local favorite, and nestled on the Patchouge River. It's proximity to Long Island Sound is unmatched - offering anglers the ability to become immersed within Long Island Sound within minutes of leaving the dock. Once in Long Island Sound anglers have the option to boat West to Clinton and dock at award winning restaurants (Aqua or Lobster Landing) explore east of Old Saybrook and CT River and travel to Rhode Island/Block Island, and West to Greenport and Long Island. In addition to the 15 docks featuring 256 boat and jet ski slips, Pier 76 offers its clients (Storage, Winterization/Winter Storage, and Boat Repair/Maintenance. The first retail building is the business' main office with 2464 sq/ft living space. The additional two story building features 4,448 sq/ft and a living area of 2,780 sq/ft. Owner holds building concept plans for potential redevelopment of 40 unit condo complex (16 one bedroom, 24 2 bedroom units).

PROPERTY FACTS

Price $1,980,000
Price Per SF $377.57
Sale Type Investment
Property Type Specialty
Property Subtype Marina
Building Class B
Lot Size 10.71 AC
Building Size 5,244 SF
No. Stories 1
Year Built 1960
Zoning CBD - Commercial Boating District

AMENITIES

  • Signage
  • Waterfront

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WBRO-000184-000000-000077
Land Assessment
$668,840
Improvements Assessment
$236,620
Total Assessment
$905,460
  • Listing ID: 31637116

  • Date on Market: 4/28/2024

  • Last Updated:

  • Address: 54 Old Boston Post Rd, Westbrook, CT 06498

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