Individually Owned Property summary
This 1,938 square foot commercial building, located at 744 Boston Post Road in Old Saybrook, Connecticut, presents a compelling investment opportunity. Situated on a 0.37-acre lot in the B-1 Central Business District, this single-story building, constructed in 1970 and renovated in 2020, boasts a prime location at a signalized intersection with 400 feet of road frontage across three streets. The property benefits from high visibility and abundant natural light, enhanced by large display windows. Its strategic placement across from a bustling shopping center ensures high traffic volume and excellent accessibility. Currently vacant and available for occupancy on October 17, 2024, the building is ideally suited for a variety of uses, including retail, office, bank, QSR, pharmacy, or other permitted businesses. Existing features include a kitchen, walk-in freezer, two hoods, counter space, a dining area, and two accessible restrooms. Outdoor dining is permitted. Ample parking is available. A grandfathered freestanding sign adds to the property's marketing potential. The asking price is $925,000, and the property is offered as a net lease. The property is sold as-is
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,00…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Old Saybrook, CTZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,00…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,00…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Old Saybrook, CT.
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