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Old Lyme Marina 2 Specialty Properties Offered at $3,995,000 in Old Lyme, CT
INVESTMENT HIGHLIGHTS
- Minutes by boat or car from the Essex Harbor, Old Saybrook and Long Island Sound providing access to the affluent, regional boating markets
- A long history of steady revenue and income performance
- Location provides optimal sheltered mooring with unfettered open water access
- Opportunities to add revenue streams from retail, rentals and utilization of the adjacent residence
EXECUTIVE SUMMARY
Sale includes:
Property at 34 Neck Rd., 9000+ sf marina operations & service building plus several ancillary structures, 26 wet slips & 70 moorings, transport launch, service barge, travel lift, 25 ton crane, all parts & retail inventory, office equipment
Adjacent Property at 36 Neck Rd. 1,766 sf single family residence
Property at 34 Neck Rd., 9000+ sf marina operations & service building plus several ancillary structures, 26 wet slips & 70 moorings, transport launch, service barge, travel lift, 25 ton crane, all parts & retail inventory, office equipment
Adjacent Property at 36 Neck Rd. 1,766 sf single family residence
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,995,000 | Status | Under Contract |
| Price / SF | $371.08 / SF | Number of Properties | 2 |
| Sale Condition | Business Value Included | Individually For Sale | 0 |
| Cap Rate | 7.51% | Total Building Size | 10,766 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.36 AC |
| Price | $3,995,000 |
| Price / SF | $371.08 / SF |
| Sale Condition | Business Value Included |
| Cap Rate | 7.51% |
| Sale Type | Investment or Owner User |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,766 SF |
| Total Land Area | 1.36 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 34 Neck Rd, Old Lyme, CT 06371 | Specialty | 9,000 SF | 1950 | - |
| 36 Neck Rd, Old Lyme, CT 06371 | Specialty | 1,766 SF | 1789 | - |
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