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LILA DELMAN REAL ESTATE INTERNATIONAL ANNOUNCES SALE OF ONLY MARINA AVAILABLE IN RHODE ISLAND

Rhode Island Real Estate Firm Sells Only Marina on the Market in Rhode Island

Lila Delman Real Estate International is pleased to announce the sale of 17 Point Road, Portsmouth Rhode Island. The commercially zoned property, called Stone Bridge Marina, includes a forty-four slip marina, retail space, and a three bedroom living space. The property had received a great deal of attention when listed for sale as it was the only Marina available in the state of Rhode Island.

Lila Delman Real Estate sales associate, Gregory Arakelian was the listing agent and buyer facilitator in the transaction. Arakelian described the property as an “Underutilized asset with 3 income streams and the eastern-most residence on Aquidneck Island, providing unobstructed north, east, and southern waterfront views. The Stone Bridge Marina is a close driving proximity to Boston, and easy access from Sakonnet River to world class yachting destinations like Newport, Martha’s Vineyard, and Block Island.”