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2-4 Bank Rd, Old Lyme, 06371

Commercial/Investment - Investment, Residential Income, Other For Sale

$2,400,000

Beds
Baths
3,232Sqft
2.41Acres
1965Built
57DOM
MLS® #: 170424474
Active, 57 Days on Market

Four Mile River Marina is a marine opportunity on the New England Coastline located about halfway between New York and Boston, and approximately 45 minutes from both New Haven and Hartford. The marina offers 94 permitted wet slips, a boat ramp, on-site fuel, shop, repair, & storage building, land storage for boats & trailers, customer bathrooms & shower, a 2 bedroom 1 bathroom ranch that is currently rented, and a 4 bedroom 3 bathroom colonial. The marina has been well maintained in terms of infrastructure and DEEP compliance and has had a number of recent capital improvements. The marina has a strong slip rental history. This is a great marina opportunity for an owner/operator who wants to live on-site. Alternatively, both homes could be rented instead to increase revenue potential. Nestled between Rocky Neck State Park and Point O' Woods beach community, the marina is situated on the Four Mile River in Old Lyme which offers increased protection from most inclement weather coming off the Long Island Sound. The marina is a convenient departure for day trips to the nearby Thimble Islands, the Connecticut River (Essex, Hamburg Cove), Thames River (Mohegan Sun Casino, New London), Mystic Seaport, Fishers Island, Orient Point, Port Jefferson, and many other boating destinations. It is also an excellent departure for trips to Block Island, Newport, Cape Cod, Martha’s Vineyard, Nantucket, and many other ports on the shorelines of CT, RI, MA, and NY.

Essential Information

MLS® #: 170424474
Price: $2,400,000
Bathrooms: 0.00
Square Footage: 3,232
Acres: 2.41
Year Built: 1965
Type: Commercial/Investment
Sub-Type: Investment, Residential Income, Other
Status: Active

Community Information

Address: 2-4 Bank Rd
Area: Four Mile River
City: Old Lyme
County: New London
State: CT
Zip Code: 06371

Amenities

Utilities: Electric, Gas, Cable
Parking: Unpaved, Unassigned, Parking Lot
Garages: Unpaved, Unassigned, Parking Lot

Interior

Interior Features: Living Space Available, Public Restrooms, Loading - Waterfront
Heating: Hot Air, Electric, Propane
Cooling: Central Air

Exterior

Exterior Features: Awnings, Gutters, Outside Storage Area, Storage Building
Lot Description: Level Topography
Roof: Asphalt Shingle, Composition
Construction: Frame
Foundation: Concrete

Additional Information

Date Listed: July 29th, 2021
Days on Market: 57
Zoning: WF20

Listing Details

Listing Agent: Kim K Casey
Listing Office: Seaport Real Estate Services

Financials

$/SqFt: $743

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Listing information last updated on September 24th, 2021 at 8:23pm EDT.