Oswegatchie Hls Rd East Lyme, CT 06333
CM COMMERCIAL DISTRICTS GENERAL DESCRIPTION AND PURPOSE- Marine commercial district containing land with frontage on certain public waterways, and adjacent parcels. The purpose of this district is to encourage the development of new, and the retention of existing, water dependent uses in those areas of the Town suitable for such development, consistent with…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CM · East Lyme, CTCM COMMERCIAL DISTRICTS GENERAL DESCRIPTION AND PURPOSE- Marine commercial district containing land with frontage on certain public waterways, and adjacent parcels. The purpose of this district is to encourage the development of new, and the retention of existing, water dependent uses in those areas of the Town suitable for such development, consistent with the policies of the Connecticut Coastal Management Act. 10.1 PERMITTED USES- The following uses of building(s) and/or land and no others are permitted subject to site plan approval in accordance with Section 24. 10.1.1 Facilities for the building, repair, servicing, storage, hauling and launching of boats, and for the building, repair and servicing of their component parts and accessories. 10.1.2 Marinas, yacht clubs 10.1.3 Sale of boats, marine engines, marine equipment and supplies 10.1.4 Boat launching areas 10.1.5 Boat rental, sailing school, boat licensing schools 10.1.6 Bait and tackle shop 10.1.7 Dockside facilities for dispensing fuel and lubricants for marine purposes only, but expressly excluding the bulk storage of fuel 10.1.8 Berthing facilities for vessels for hire carrying passengers on excursions, pleasure or fishing trips, but expressly excluding ferry service or freight terminals 10.1.9 Berthing facilities for vessels engaged in commercial fishery or shellfishery, but expressly excluding fish or shellfish processing plants 10.1.10 Marine research facilities 10.1.11 Public parks, public water-based recreational facilities 10.1.12 All related accessory uses customarily incidental to the above permitted uses. The following are specifically permitted as related accessory uses incidental to the uses listed in 10.1.1 through 10.1.11 for lots with water frontage, and are permitted as primary uses on lots which lack water frontage: sail and marine 42 canvas lofts; restrooms, laundry facilities, and effluent pump-out stations to serve boating patrons; fast food service and/or convenience grocery (excludes gasoline pumps for cars) primarily to serve boating patrons; swimming pools, tennis courts, and similar facilities for outdoor recreation; marine-oriented office uses, including yacht brokerage, marine surveyor, and marine insurance and finance. 10.2 SPECIAL PERMIT USES- The following uses may be permitted when granted a Special Permit by the Zoning Commission subject to the special permit requirements of Sections 25 and 25.5.
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.