880 Boston Post Rd - Storefront Retail/Office FOR SALE


Old Saybrook, CT 06475
$1,500,000 USD
475-227-4312
880 Boston Post Rd, Old Saybrook, CT for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 5.09% Cap Rate

880 Boston Post Rd
Old Saybrook, CT 06475


HIGHLIGHTS

  • Prime Boston Post Road visibility, less than half a mile from Main Street
  • Fully occupied ground-floor commercial spaces
  • `13,836 SF two-story building
  • Large upper-level office space with redevelopment potential!
  • B-2 zoning allows flexible commercial and potential mixed-use opportunities, subject to approvals
  • 25 on-site parking spaces

OVERVIEW

Unique mixed-use investment and redevelopment opportunity. The ground-floor commercial spaces are fully occupied, providing immediate rental income, while the upper level offers approximately 3,540 square feet of office space. The expansive second floor may also offer the potential to be converted into two oversized three- or four-bedroom residential units, subject to zoning and municipal approvals. This property combines stable existing occupancy with significant value-add potential in a desirable shoreline location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

B-2

APN/PARCEL ID

OSAY-000036-000162

ASK ABOUT THIS PROPERTY

Javyn RoundtreeRoundtree Realty LLCMore Info
475-227-4312

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Javyn RoundtreeRoundtree Realty LLCMore Info
475-227-4312

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