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$ 925,000
Est. payment | /mo
2 Baths
1,938 SqFt
$ 925,000
Est. payment | /mo
2 Baths
1,938 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,938 sqft
Price per Sqft $477
MLS Listing ID 24053435
Full Baths 2
Year Built 1970
Annual Tax Amount $8,805
Lot Size 0.370 Acres
Property Description
Prime Commercial Opportunity in Old Saybrook's Shoreline Community 1,938 SF building with large display windows, abundant natural light, and a strategic location with 400' of road frontage across three streets. Situated at the signalized intersection of Boston Post Road (US-1) and Elm Street, this high-traffic area is ideal for businesses seeking visibility and accessibility. Located in a high-density area, the property is directly across from a bustling shopping center, major retailers, restaurants, and various service businesses. Zoned in the B-1 Central Business District, it accommodates a wide range of uses, including retail stores, professional offices, banks, financial institutions, healthcare providers, and medical/dental clinics. Currently set up for food service, the building includes a kitchen, WIC freezer, two hoods, counter, dining area, and two accessible restrooms. Outdoor dining is permitted, though no drive-thru is available. Ample parking and high visibility and limitless business opportunities. Additional features include a grandfathered freestanding sign with sign allowances. Potential tenants are available. For more information, reach out to agents directly. Ideal for a franchise or various business ventures! Property being sold as is. Buyers and agents to do their diligence as to the condition of the property. Currently unoccupied. Cap Rate is placeholder based on assumptions depending on the tenant and using average sq foot rates in area
Location
State CT
County Middlesex
Zoning B-1
Interior
Interior Features Public Restrooms, Window Display
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Sidewalk, Lighting, Pole Sign
Parking Features Paved, Parking Lot
Utilities Available Electric, Gas
Roof Type Flat,Tar/Gravel
Building
Story 1
Foundation Concrete
Sewer Septic
Water Public Water Connected
Listed by Joe Wren • William Raveis Real Estate