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 | |
Updated | December 4th, 2020 |
Type | Retail |
Price | $775,000 |
Building | 9,772 Sq. Ft. |
Land | 2.86 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.