Originally Posted by TheTimeTraveler (Post 396992)

I think the current owners will sell only IF they can get their $3.5 million dollar asking price otherwise I think they will stay put.

Unfortunately all the Pier 19 valuable assets have long since been sold off (i.e. the island docking spaces) and it will be hard to make serious money there in a year 'round environment. I think it's good for four open months each year for some very good income.

The business is extremely labor intensive and I find it is usually poorly staffed (waiting for a clerk to buy gas, prepare food or checking out gets old fast).

My business model? I would install a huge dormered area on the second floor facing the lake and obtain a seasonal pouring liquor license so that one could sit there and admire the lake view while enjoying food and beverages. Plenty of seating upstairs would be a game changer for the business. Maybe an on site restaurant may be something to consider......

Originally Posted by C-Bass (Post 396997)

I'm not sure of the financial position of the association but, i wonder if they would consider buying it. They could demolish the building, and put a storage building for their boats, free up some parking, plant some trees, landscaped up nice it could be a nice spot. They could privatize the gas pumps and they'll own their own fuel source.

Originally Posted by SAB1 (Post 396996)

That was the plan when she had when she bought the house at end of Union Whaft Rd. Or at least thats was the rumor. Not sure what happened.

Originally Posted by Flotnjr (Post 396953)

Any idea where the news of it being for sale came from? 3.5M seems a bit excessive since when it was last sold it was under $900K. I know there was a lot of improvements to the building after the sale- but not as much that would come close to justifying that asking price.

Originally Posted by C-Bass (Post 396997)

I'm not sure of the financial position of the association but, i wonder if they would consider buying it. They could demolish the building, and put a storage building for their boats, free up some parking, plant some trees, landscaped up nice it could be a nice spot. They could privatize the gas pumps and they'll own their own fuel source.

Originally Posted by The Real BigGuy (Post 397021)

That came up when it was for sale a few years ago. Keep the building as storage & a club house, keep the gas dock and snack bar to generate revenue during the summer. At 900k it was probably doable but not something the association wanted at the time. At 3.5 mil it’s not even worth talking about.


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Originally Posted by bobkatfly (Post 397057)

How old is the old e-mail?

Originally Posted by The Real BigGuy (Post 397058)

7/25 of this year.


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Originally Posted by The Real BigGuy (Post 397054)

I am totally not surprised that you would hear that from the owner. From what I have heard, her history of truthfulness when dealing with the condo association has been less than exemplary.

I dug out the old e-mail with the sell sheet (attached below) from my various accounts. Note that the property is described as 4.3 acres w/37 parking spaces. As I understand it, the association owns the land and the parking although, under the association documents the store unit is allowed 37 spaces. I believe that the association met with the realtors to ask them make the appropriate corrections. Maybe this is why she says it now no longer for sale.

Originally Posted by FlyingScot (Post 397061)

Just idle speculation, but if we take all the recent posts, one could surmise--

A realtor told her the place was worth $3.5MM, she said "OMG...sell it now!". The realtor began talking this up to others to prep the market a bit...and then they realized $3.5MM is insane.

Originally Posted by tis (Post 400566)

Pier 19 IS listed for sale again.

Originally Posted by TheTimeTraveler (Post 400570)

Is she still asking $3.5 million or has she dropped it?

Originally Posted by Just Wonderin (Post 400568)

I hope it sells but I think it’s waaaaay overpriced at $3,500,000. I hope the sellers become more reasonable, if they’re really interested in selling. Skelley’s Market in Moultonborough sold for $1,200,000 just a little over two years ago.