Old Saybrook, CT 06475,1780 Boston Post Road
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Old Saybrook, CT 06475,1780 Boston Post Road
Old Saybrook, CT 06475,1780 Boston Post Road
Old Saybrook, CT 06475,1780 Boston Post Road
Old Saybrook, CT 06475,1780 Boston Post Road
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Michael Wrabel

Michael Wrabel

+1(860) 985-5456
$ 850,000
Est. payment /mo
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1780 Boston Post Road Old Saybrook, CT 06475

3 Baths

2,236 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,236 sqft

Price per Sqft $380

MLS Listing ID 24149460

Full Baths 2

Half Baths 1

Year Built 1970

Annual Tax Amount $5,896

Lot Size 0.690 Acres

Property Description

7.06 CAP r a t e ~ Prime mixed-use investment property offered at $850,000 along the high-visibility Route 1 corridor. The asset consists of three total units-office/retail space with direct road frontage and two residential apartments privately situated in the rear. Trusted General Contractor currently rents the rear yard space at $1,000/month. Projected gross income totals $90,000/year. Incorporating a 10 p e r c e n t vacancy & repairs reserve, the stabilized effective gross income is $81,000/year. Operating expenses total $20,945/year (real estate taxes: $5,896 | insurance: $5,879 | electric: $4,600 | oil: $1,350 | propane: $1,620 | snow removal/water/septic: $1,600), resulting in a net operating income (NOI) of $60,055/year. At the asking price of $850,000, the asset delivers a 7.06 CAP r a t e, with long-term value preservation and upside through future rent adjustments. Strong location, consistent cash flow, and limited supply of mixed-use product on Route 1 make this an ideal long-term hold, 1031 exchange target, or portfolio addition.

Location

State CT

County Middlesex

Zoning B-4

Interior

Heating Hot Air, Hot Water

Cooling Central Air, Window Unit

Exterior

Utilities Available None/Unknown

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, Level Lot, Cleared

Foundation Slab

Sewer Septic

Water Public Water Connected

Listed by Nicholas Tarquino • Carbutti & Co., Realtors
Michael Wrabel

Michael Wrabel

Broker | License ID: REB.0789526

+1(860) 985-5456

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