For Sale
$3,150,000

237 Main St East Lyme, CT 06357

32-unit motel, 100% occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • $3,150,000 asking price.
  • 32-key motel in East Lyme, CT.
  • 100% occupancy.
  • Convenient I-95 access.
  • Located in Niantic, CT, near beaches, restaurants, and parks.

Property Details for 237 Main St

Property type
Hospitality properties, Motels
Stories
1

Location Insight

City
East Lyme
County
New London
State
Connecticut
Latitude
41.3176479
Longitude
-72.2404685

FAQs

What type of property is this?
Hospitality property - 32-unit motel, 100% occupancy.
Where is the hospitality property located?
The property is located at 237 Main St East Lyme, CT.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: $3,150,000 asking price.; 32-key motel in East Lyme, CT.; 100% occupancy.
How can I contact the broker?
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237 Main St
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