Bargain Bilge Marine Supply, the prominent building situated at the western entrance to downtown Patchogue, has been sold, GreaterPatchogue has learned.
The 10,000-square-foot building, located at 159 West Main Street, was purchased by ABH Realty Group Inc. for $2.05 million.
According to a press release, the group plans to develop the site with the hope of marketing it to a national retailer.
The two-story building, built in 1930 sits on more than an acre of land, had been up for sale for about six months.
This deal was finalized on Feb. 12.
“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,” said George Emerick, who’s ran the Bargain Bilge for the last 35 years. “There was a lot of interest in the location from numerous developers.”
Emerick worked with Melville-based Five Point Real Estate to arrange this deal.
This is a developing story. Check back later at greaterpatchogue.com to learn more about what the developers plan for the old Bargain Bilge site.