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    369 Boston Post Rd Old Saybrook, CT 06475

    For Sale
    $525,000

    Prime location, high traffic, income potential

    Property size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in Old Saybrook, CT, presents a unique owner-user opportunity. The 2,700 square foot building, constructed in 1870 and renovated in 2009, boasts 2,500 square feet of net rentable space currently at 50% occupancy, with full occupancy anticipated by August 1, 2024. The main level offers versatile commercial space ideal for a variety of businesses, featuring hardwood floors, a private customer bathroom, and multiple potential layouts to accommodate diverse needs. The property's zoning (B4) allows for a wide range of commercial uses. Adding to its appeal are two separate residential rental units on the second floor, each with a bedroom, eat-in kitchen, living room, and bathroom, providing a consistent income stream. Situated on a 0.61-acre lot, the property offers ample off-street parking with a paved driveway. Recent upgrades include a new hot water heater, new windows, and new siding, enhancing both functionality and curb appeal. The property also benefits from a highly visible location on Boston Post Road, experiencing over 12,000 vehicles daily, and features a lighted business sign for optimal marketing. This turnkey property is priced at $525,000 and offers a compelling blend of commercial space and rental income potential in a thriving Connecticut town.

    Property Features for 369 Boston Post Rd

    General Information

    Property type
    Office space
    Square Feet
    2,700 SF

    Building Details

    Year Built/Renovated
    1870/2009
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Prime Old Saybrook location with over 12,000 daily vehicle count.
    • Mixed‑use building: owner‑occupied commercial space plus two (2) rental units.
    • 2,500 square feet of commercial space with hardwood floors, a private bathroom, and flexible layout options.
    • 0.61‑acre lot with ample off‑street parking and a paved driveway.
    • Recent upgrades include a new hot water heater, windows, and siding.
    • Attractive curb appeal featuring landscaping and a lighted business sign.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair Residence Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.371510132493
    Latitude
    41.305554166291

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    FAQs

    What type of property is this?
    Office space - Prime location, high traffic, income potential
    Where is this office space located?
    The property is located at 369 Boston Post Rd Old Saybrook, CT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime Old Saybrook location with over 12,000 daily vehicle count.; Mixed-use building: owner-occupied commercial space plus two (2) rental units.; 2,500 square feet of commercial space with hardwood floors, a private bathroom, and flexible layout options.
    Request Owner's contact information
    369 Boston Post Rd Old Saybrook, CT 06475
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    Old Saybrook, CT 06475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    369 Boston Post Rd Old Saybrook, CT 06475
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