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830 Stonington Road - Cove Ledge Inn, Stonington, CT

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830 Stonington Road - Cove Ledge Inn

Stonington, CT 06378 - SE New London Submarket

Property Type:Hospitality Number of Rooms:18 Status:Existing Year Built:1940
Stories:3 Building Size:21,000 SF Land Area:10.6 AC (461,736 SF)
For Sale Price:$1,490,000 Price/Room:$82,778 Cap Rate:-

Parking:1.09 Parking Spaces / 1,000 SF

Sale Notes:
Property is being offered and sold As Is It is a 10.6 acre former marina property with approximately 800 feet of waterfrontage situated on Wequetequock Cove providing small boat access to Watch Hill, Sandy Point, Stonington Harbor and beyond. The Marina once supported 125 plus boat slips, boat launch and boatyard operation. In addition there is a home and boarding units. This property is located in a Marine Commercial (MC-80) zone allowing for marina/yacht club, boat livery, boat repair, boarding/tourist homes, office buildings, retail/wholesale and other uses. This particular property comes along with great upside potential for that investor with vision. There are several buildings on site that once supported a working boat yard, launch, residential uses and more.

Coldwell Banker Real Estate & Mortgage Services
Michael Franklin
(877) 923-9850

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