$1,540,000

Introducing The Black Point Market, a rare beach property offering that has been active in the Black Point beach community for almost 100 years. A quintessential coastal Commercial, Residential / Mixed use property opportunity unmatched by the surrounding beach communities. There is no other property within a 5-mile radios that offers such amenities. Key features of this property are its active and successful market on the first floor offering breakfast, lunch and groceries as well as beer and other spirits, and although currently open and operated seasonally (4/5) months per year, it is now operating year-round with a breakfast eat in offering Oct- May!! In addition to the Market, there is a upper floor 3-bedroom year-round apartment with commanding unobstructed views of Niantic Bay and Fishers Island. The same unobstructed views are enjoyed from the Market's deck seating for its patrons as well. A third space on the property is available in a newly constructed 450 sf building offering office space / other adjacent to Market. With a full bath, kitchenette providing a versatile space to relax and enjoy laid back atmosphere regardless of the weather. The rental history and increased rental potential of the property's living spaces has increased recently as a result of a few nearby / large employers massive hiring plan. The location of this property is truly exceptional, as it is steps from the Black Point private beaches, and a short walk to the association's clubhouse. Golf carts are allowed in this beach community which makes getting around to the various amenities this private community a snap. A children's summer "club" has been in place for decades in addition to The Women's and the Men's Club, both continuing to support the vibrant Black Point Beach Association. Such amenities often signal a lifestyle of leisure and aquatic adventures, boosting this property's value and appeal while enhancing the daily living experience. This community is close to the charming village of Niantic which offers dining, shopping, theater and a renowned mile long boardwalk along the Bay. Nearby transportation options include major highways, train, plane and boat access. This property also boasts an excellent rental potential making it a VERY attractive investment opportunity.