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    68-70 Black Point Rd Niantic, CT 06357

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    For Sale
    $3,895,000

    Multi-family property in a sought-after beach community with 11 units.

    Lot size:
    2.27 Acres

    Property Features for 68-70 Black Point Rd

    General Information

    Lot size
    2.27 Acres

    Building Details

    Year built
    1950

    Source: eXp Realty Agent Adam Velez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Property Near Beach Community

    This multi-family property is situated in a highly sought-after year-round beach community. The property features 11 units and spans 2.27 acres, offering room for expansion, additional amenities, or boutique resort-style development. Its prime location is within walking distance of multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants, and a live theater. Located in a quickly appreciating classic New England coastal town, the property benefits from high long-term, medium-term, and short-term rental demand. Its proximity to Millstone, Electric Boat, Pfizer, and Camp Nett ensures sustained demand. This property presents an investment opportunity for developing a thriving Airbnb portfolio or capitalizing on the high demand for long-term rentals.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niantic
    County
    New London
    State
    Connecticut
    Longitude
    -72.217169
    Latitude
    41.306987

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property in a sought-after beach community with 11 units.
    Where is this apartment building located?
    The property is located at 68-70 Black Point Rd Niantic, CT.
    What is the asking price?
    The asking price for this property is $3,895,000.
    What are key features of this property?
    This property features: - Prime Location: Walking distance to beaches, boardwalks, parks, restaurants, bakeries, ice cream shops, and a live theater.; - 11 Units: Largest multi-family property for sale on the Southeastern CT Shoreline.; - 2.27 Acres: Offers room for expansion, additional amenities, or boutique resort-style development.
    (860) 961-6040
    Request Owner's contact information
    68-70 Black Point Rd Niantic, CT 06357
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    68-70 Black Point Rd Niantic, CT 06357
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