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Listing 26 out of 38
$549,000 For Sale
563 Boston Post Rd
Waterford, CT 06385

5,159 sq ft,
1.72 acre lot
Commercial: Hotel/Motel, Commercial - MLS# E10072188
Property Photo
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Description

Offered for sale: this quintessential New England hotel/motel. The property contains 12-rooms and could be transitioned into a quaint Bed & Breakfast or remain the same ongoing operation. It offers a great convenient location located at a mid-point for people to exploring our quaint southeastern CT shoreline and its many activities. The current operation boasts a 50K NOI and in the right hands this could be grown to a handsome return. Showing upon appointment only.

Features

  • Property Type: Commercial
  • Sub Type: Hotel/Motel, Commercial
  • Listing Status: Active
  • Listing Price: $549,000
  • County/Area: New London County
  • Zip Code: 06385
  • Year Built: 1940
  • Sq.Ft.: 5,159 sq ft
  • Stories: 2
  • # of Parking Spaces: 15
  • Acres: 1.72 acre lot
  • Zoning: R-20
  • Area: Waterford
  • Acres Source: Public Records
  • Bus Service: Yes
  • Construction Info: Frame
  • Cooling System: Individual Unit(S)
  • Frontage Approximate: 225
  • Fuel Tank Description: Above Ground Tank
  • Fuel Type: Oil, Propane
  • Gross Annual Expenses: 60000
  • Gross Annual Income: 110000
  • Heat Fuel Type COMM: Oil, Propane
  • Heat Type COMM: Baseboard, Radiator
  • Lot Sq Ft: 74848
  • Mill Rate: 25.8300
  • Net Operating Income: 50000
  • Occupied YN: Yes
  • Park Garage Type: Assigned
  • Parking 100 Sq Ft: 15
  • Restrooms: 12
  • Sewage System: Public Sewer Connected
  • Sq Ft Source: Town Records
  • Tenants: 8
  • Transaction Type: Sale
  • Turnpike: I-95
  • Village: Waterford (86)
  • Water Source: Public Water Connected
  • Zoning Description COMM: Non Conforming
Courtesy of Coldwell Banker Residential Brokerage

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