744 Boston Post Rd Old Saybrook, CT 06475-2138
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Old Saybrook, CTOld Saybrook. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.