35 Nehantic Dr - Storefront Retail/Residential FOR SALE


Niantic, CT 06357
$1,540,000 USD
860-304-3037
35 Nehantic Dr, Niantic, CT for Sale
$1,540,000 USD
Storefront Retail/Residential - FOR SALE
1/43
null | Request Cap Rate

35 Nehantic Dr
Niantic, CT 06357


OVERVIEW

Introducing The Black Point Market, a rare beach property offering that has been active in the Black Point beach community for almost 100 years. A quintessential coastal Commercial, Residential / Mixed use property opportunity unmatched by the surrounding beach communities. There is no other property within a 5-mile radios that offers such amenities. Key features of this property are its active and successful market on the first floor offering breakfast, lunch and groceries as well as beer and other spirits, and although currently open and operated seasonally (4/5) months per year, it can be open year-round!! In addition to the Market, there is a upper floor 3-bedroom year-round apartment with commanding unobstructed views of Niantic Bay and Fishers Island. The same unobstructed views are enjoyed from the Market's deck seating for its patrons as well. A third space on the property is available in a newly constructed 400 sf building offering living / office space adjacent to Market. With a full bath, kitchenette and living space providing a versatile space to relax and enjoy laid back living regardless of the weather, it has the potential to be a year-round addition to the property providing, enhanced privacy and increased living space that can be enjoyed in any season.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$588 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R12

APN/PARCEL ID

ELYM-005010-000092

ASK ABOUT THIS PROPERTY

Bob CancelmoBerkshire Hathaway HomeServices New EnglandMore Info
860-304-3037

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Bob CancelmoBerkshire Hathaway HomeServices New EnglandMore Info
860-304-3037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.