000 Boston Post
Old Saybrook, CT 06475

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 6
Area: 205603 sq ft

Financials

Price:$3,500,000
Annual Taxes:$12,189
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Tyler DeVecchis of Century 21 AllPoints Realty

Prime Mixed Use Investment Development Opportunity Old Saybrook, CT Attention investors, developers, restauranteurs, and retail property owners Situated on a high visibility corner lot along Boston Post Road, this mixed ...

Description

Prime Mixed-Use Investment & Development Opportunity - Old Saybrook, CT Attention investors, developers, restauranteurs, and retail property owners: Situated on a high-visibility corner lot along Boston Post Road, this mixed-use property combines strong existing income with exceptional development potential in one of the shoreline's fastest-growing markets.The offering includes:9,060 SF fully renovated commercial building (on 0.97 acres) currently operating as a restaurant with banquet space, lounge, private office, dining areas, waiting room, and multiple restrooms. 1,300 SF single-family residence generating consistent rental income. 3.75 acres of land (approx. 70% developable, 30% wetlands) offering expansion potential for retail or multifamily/apartment development.Shared and expanded parking lots servicing both structures.Old Saybrook has seen a wave of successful mixed-use and retail/residential developments along Boston Post Road - including 907 Boston Post Rd. (Saybrook Junction redevelopment) and 980 Boston Post Rd. (commercial/retail expansion) - demonstrating the town's strong demand for high-quality investment property. All assets (commercial building, residence, and land) are to be sold together. Final approvals subject to buyer due diligence with the Town of Old Saybrook Planning & Zoning.

Amenities

  • Central Air
  • Ductless
  • Elementary School -
  • High School -
  • Intermediate School -

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