Longtime Marine Supply Store In Patchogue Sold For Over $2M

PATCHOGUE, NY — A longtime marine supply store in Patchogue was recently sold for over $2 million. The sale was announced on Tuesday by Melville-based Five Point Real Estate.

After six months on the market, on Feb. 12 the company handled the sale of the building on 159 W. Main Street, which was home to Bargain Bilge Marine Supply for over 30 years. The seller was George Emerick, who owned the two-story building for over 35 years.

The 10,000-square-foot building, which was built in 1930, is now owned by ABH Realty Group Inc., which plans to redevelop the site for a national retailer.

The property is located on more than a half-acre at the corner of West Main Street and Holbrook Road, across from the Anheuser-Busch-owned Blue Point Brewery.

"Once we nailed down the uses that the village would support and advised the seller on the highest price and best use in order to get to a closing, finding a developer was not difficult," Five Point Real Estate Managing Partner Guy Canzoneri, said. "There was a lot of interest in the location from numerous developers."