Property Listing No Longer Available for Sale

25-27 Ocean Ave, Niantic, CT

Hotel for Sale - $975,000 - 11,420 Sq. Ft. on 0.37 acres


Property Info

CIMLS#318726
Location
  25-27 Ocean Ave
  Niantic CT 06357
UpdatedMarch 4th, 2013
TypeHotel
Price$975,000
Building11,420 Sq. Ft.
Land0.37 acres

Property Description

Price Reduced!! Historic Elms Inn/Hotel 25-room (w/ owner's suite) waterfront Inn on Crescent Beach in Niantic Village on Long Island Sound. A rare opportunity exists...Here is your chance to operate and own your own waterfront Inn. Consists of 11,420 sf, an oceanfront beauty. Or subdivide back to original 2 single family homes; or convert the Inn to a single family home or family compound. Contact listing agent for an email package which includes photos, demographics, aerial photos, etc. Quaint seashore setting near Niantic Village, Mystic, and the Casinos. Any change of existing use subject to zoning approvals. Potential short sale. Listing broker will split commission with buyer broker 50-50.

Directions-- I-95 to Exit 74. 2 miles south on Rt 161 to end. Right on Main St. Left on Columbus Ave (just after Frosty Treat). Left on Atlantic. Hotel on right.


Financials

Call listing broker.