121-125 Main St - Storefront Retail/Office FOR SALE


Old Saybrook, CT 06475
$2,195,000 USD
860-930-4539
121-125 Main St, Old Saybrook, CT for Sale
$2,195,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | Request Cap Rate

121-125 Main St
Old Saybrook, CT 06475


OVERVIEW

Price Reduction! Great mixed-use opportunity. Fully leased office building with town-approved one-bedroom apartment on Second Floor with kitchen, full bath including washer/dryer. Great opportunity to own a mixed-use property on beautiful Main Street in Old Saybrook. Established salon with long term lease on first floor. The one bedroom apartment on the second floor has been carpeted and painted and has separate heat control from all office spaces. Opportunities exist for additional apartments with proper permitting. The front of the building faces the heart of Downtown Old Saybrook with shops, restaurants, art and dance studios and The Kate all within walking distance. The rear of the building faces Pine Street and boasts a 25-car parking lot surrounded by chain link fencing and a storage shed. Opportunities exist for other uses of this area with proper permitting. The building has a full sprinkler system with associated central station alarms. Easy access to RT. 95 and RT.9.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

B-1

APN/PARCEL ID

OSAY-000037-000016

ASK ABOUT THIS PROPERTY

Gary MarinoWilliam Raveis Real EstateMore Info
860-930-4539

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Gary MarinoWilliam Raveis Real EstateMore Info
860-930-4539

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.