237 Main St Niantic, CT 06357-1016
- Commercial real estate
- 2.11 lot acres
Current Use by Public Records
- Rocky Neck Inn & Suites / Hotel
Property Details for 237 Main St
- Lot size
- 2.11 lot acres
- Zone code
- CA
- Property type
- Commercial real estate
- APN
- ELYM M:009.4 B:00065 L:00000
- APU
- ELYMM0094B00065L00000
Description
Exceptional opportunity to acquire a thriving 32-unit motel in Niantic, Connecticut. This established property boasts 100% occupancy and offers immediate access from I-95, providing unparalleled convenience for travelers. Situated in a desirable location, the motel is within walking distance of restaurants, beaches, and parks. Downtown Niantic, with its vibrant array of shops, restaurants, theaters, marinas, and other attractions, is just minutes away. Golf courses are also conveniently nearby. The property's strategic location provides easy access to various transportation options, including ferries to New York and Block Island, train service, and major roadways. It's ideally positioned midway between New York and Boston, offering convenient access to travel by land, sea, rail, or air. New London is just 10 minutes away, while Old Saybrook is 10 minutes, casinos are 20 minutes, Mystic and Rhode Island are approximately 30 minutes, and Hartford is less than an hour away. This single-story building presents a compelling investment opportunity in a high-demand tourist area. The asking price is $3,150,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Niantic
- County
- New London
- State
- Connecticut
- Longitude
- -72.24
- Latitude
- 41.318
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
