54 Old Boston Post Rd - Marinas FOR SALE


Westbrook, CT 06498
$1,790,000 USD
860-575-8462
54 Old Boston Post Rd, Westbrook, CT for Sale
$1,790,000 USD
Marinas - FOR SALE
1/45
null | Request Cap Rate

54 Old Boston Post Rd
Westbrook, CT 06498


HIGHLIGHTS

  • Established marina with 256 slips and full-service operations.
  • Prime waterfront location with direct Long Island Sound access.
  • Two mixed-use buildings offering flexible utilization.
  • Concept plans for 40-unit condo redevelopment included.
  • Strong regional boating community and tourism appeal.

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pier 76 Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.42 AC

LAND SF

453,895 SF

ZONING

CBD

APN/PARCEL ID

184 073,WBRO M:185 L:023,WBRO-000184-000000-000077

ASK ABOUT THIS PROPERTY

Cheryl CookRemax Valley Shore-Genovali RealtyMore Info
860-575-8462

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Cheryl CookRemax Valley Shore-Genovali RealtyMore Info
860-575-8462

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