901 Boston Post Rd Old Saybrook, CT 06475
- Commercial real estate
- 8.44 lot acres
Current Use by Public Records
- Monro Auto Service And Tire Centers / Tire Shop / Auto Repair Shop
- Ocean State Job Lot / Discount Store / Clothing Store
- Granite National Reality / Granite Supplier
Property Details for 901 Boston Post Rd
- Lot size
- 8.44 lot acres
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- OSAY M:029 B:005 L:
- APU
- OSAYM029B005L
Description
This exceptional commercial property at 901 Boston Post Road in Old Saybrook, CT, offers a diverse range of leasing opportunities. The property boasts a total of 20,000 square feet, strategically divided into multiple spaces to accommodate various business needs. Four spaces are currently available, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 21,000 square feet. The flexible layout allows for customization to suit a variety of uses, including retail, restaurant, medical, fitness, or office spaces. The building benefits from high visibility on Route 1, within a thriving shoreline community, alongside established businesses such as Town Fair Tire, O'Reilly Auto Parts, Dollar Tree, and Ocean State Job Lot. Ample parking is provided with over 250 on-site spaces. The property is zoned commercial – GDD, ensuring a wide range of permitted uses. Currently, 31,479 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. Building A offers spaces of 2,000 and 4,379 square feet, while Building B offers approximately 21,000 square feet (divisible) and approximately 4,100 square feet. This prime location and flexible space make this property an ideal investment for businesses seeking high visibility and convenient access in a bustling coastal community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,315,000
- 6.5%
- $6,540,000
- 7%
- $6,775,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,670,000
- Geo Method
- $6,135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,205,000
- Retail
- $5,610,000
- Mixed-Use
- $7,135,000
- Hospitality
- $6,510,000
- Educational
- $7,655,000
- Residential Income
- $7,030,000
- Energy
- $6,745,000
- Income-Based Land
- $6,430,000
- Food Service
- $6,225,000
Location Insight
- Map
- Local Demand
- City
- Old Saybrook
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.3868
- Latitude
- 41.2916
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA