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    1333 Boston Post Road

    Old Saybrook, CT 06475
    • $775,000
    • STATUS: Active
    • MLS #: 170216276
    UPDATED: 49 min ago
    $775,000
    • 0
      BEDS
    • 1.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,704
      SQFT
    • $80
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Redevelopment site. 1.75 Acres with 9,700 SF building on it. Presently there is a Mexican Restaurant there and a convenience store there with month to month tenancy. Monthly income is $28,000. 4% cash on cash return. Abutting vacant commercial parcel is also available (#1325 see MLS 170222443). It is 2.86 acres, also B-4 Zone. $475,000. Both parcels together $1,250,000 for 4.61 Acres. Amazing redevelopment opportunity on Route 1. Asking price of $775,000 is below appraised value of $821,900. 197 feet of frontage on Route 1.

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    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spectrum Real Estate Consultants | Keller Williams Realty. Data last updated: 2020-11-28T14:09:50.48.
    www.spectrumrec.com/homes/96888707
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    1333 Boston Post Road Old Saybrook, CT 06475

    • Price: $775,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 170216276
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.75
    Acres
    9,704
    SQFT
    $80
    $/SQFT
    1950
    Built
    Neighborhood:
    N/A
    County:
    Middlesex
    Area:
    Old Saybrook
    Property Description
    Redevelopment site. 1.75 Acres with 9,700 SF building on it. Presently there is a Mexican Restaurant there and a convenience store there with month to month tenancy. Monthly income is $28,000. 4% cash on cash return. Abutting vacant commercial parcel is also available (#1325 see MLS 170222443). It is 2.86 acres, also B-4 Zone. $475,000. Both parcels together $1,250,000 for 4.61 Acres. Amazing redevelopment opportunity on Route 1. Asking price of $775,000 is below appraised value of $821,900. 197 feet of frontage on Route 1.
    Exterior Features

    Construction Description Frame Lot Description Additional Land Avail.DryLevel Lot Parking Total Spaces 0 Road Frontage Description State Road Roof Information Asphalt Shingle

    Interior Features

    Cooling System Central Air Heat Type Hot Air

    Property Features

    Bank Owned Property Yn No Commercial Category InvestmentRetailOther Documents Available BrochureDemographic DataPlot Plan/Survey Garage Parking Info Paved Heat Fuel Type Oil Location Other Possession Availability Negotiable Potential Short Sale Yn No Potential Use Potential Redevelopment Site Present Use Restaurant And Retail Property Tax 11364 Sewage System Septic Sign Yn Yes Utilities Available ElectricGasTelephoneCable Water Source Public Water Connected Zoning B-4

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Penny Parker of Lyman Real Estate.


    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spectrum Real Estate Consultants | Keller Williams Realty. Data last updated: 2020-11-28T14:09:50.48.
     
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