Property Listing No Longer Available for Sale

1333 Boston Post Rd, Old Saybrook, CT

Retail for Sale - $775,000 - 9,772 Sq. Ft. on 2.86 acres


Property Info

CIMLS#1063215
Location
  1333 Boston Post Rd
  Old Saybrook CT 06475
UpdatedDecember 4th, 2020
TypeRetail
Price$775,000
Building9,772 Sq. Ft.
Land2.86 acres

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). 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.


Financials



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