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132 Shore Rd - Black Hall Marina 3,328 SF Specialty Building Offered at $2,784,860 CAD at a 10.12% Cap Rate in Old Lyme, CT 06371
INVESTMENT HIGHLIGHTS
- Multiple Revenue Channels
- Additional Short-term Rental Unit
- Established Brick & Mortar Retail with Exceptional E-commerce Potential
EXECUTIVE SUMMARY
Located directly off of scenic Connecticut State Route 156, Black Hall Marina offers slips for powerboats & jet skis, a retail store as well as renting and providing access for kayaks & paddle boarders. 58 slips can accommodate boats up to 22 ft. as well as drive-on jet ski pads. Structures include the 3 story main building, dockside boat house, workshop, storage container, picnic pergola and ample parking. A 768 sf. short-term rental apartment occupies the 3rd floor. Also included is a nearby, 6000 sf. warehouse for retail inventory storage and additional work space.
Current revenue channels include: 1220 sf. retail paddle sports & fishing shop with huge e-commerce potential, slip rentals, boat rentals, guiding service, youth programs, fishing & boating lessons, eco tours, kayak rigging & installation services as well as winter boat storage and the associated services.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,784,860 CAD | Building Class | B |
| Price Per SF | $836.80 CAD | Lot Size | 0.85 AC |
| Sale Type | Investment or Owner User | Building Size | 3,328 SF |
| Cap Rate | 10.12% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1940/2019 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Marina | Parking Ratio | 9.01/1,000 SF |
| Zoning | R-20 - Residential zone | ||
| Price | $2,784,860 CAD |
| Price Per SF | $836.80 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.12% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 0.85 AC |
| Building Size | 3,328 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2019 |
| Tenancy | Single |
| Parking Ratio | 9.01/1,000 SF |
| Zoning | R-20 - Residential zone |
AMENITIES
- Waterfront
ABOUT 132 SHORE RD , OLD LYME, CT 06371
Located directly off of scenic Connecticut State Route 156, Black Hall Marina offers slips for powerboats & jet skis, a retail store as well as renting and providing access for kayaks & paddle boarders. 58 slips can accommodate boats up to 22 ft. as well as drive-on jet ski pads. Structures include the 3 story main building, dockside boat house, workshop, storage container, picnic pergola and ample parking. A 768 sf. short-term rental apartment occupies the 3rd floor. Also included is a nearby, 6000 sf. warehouse for retail inventory storage and additional work space. Current revenue channels include: 1220 sf. retail paddle sports & fishing shop with huge e-commerce potential, slip rentals, boat rentals, guiding service, youth programs, fishing & boating lessons, eco tours, kayak rigging & installation services as well as winter boat storage and the associated services.
PROPERTY TAXES
| Parcel Number | OLYM-000043-000000-000040 | Improvements Assessment | $343,579 CAD |
| Land Assessment | $478,893 CAD | Total Assessment | $822,472 CAD |
PROPERTY TAXES
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132 Shore Rd - Black Hall Marina
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