107 Main St | Old Saybrook, CT 06475
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- LoopNet Team
107 Main St
Old Saybrook, CT 06475
Bank Of America · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The above market rental increases of 15% each option period provides an investor a hedge against inflation.
- High barrier to entry market with strict zoning code makes relocation with a permitted drive-thru difficult.
- Property is located in an extremely affluent Connecticut location with average household income of $161,000 within 1 mile.
- Established branch with $279 million deposits, ranking #1 in the zip code.
- Investment grade credit tenant with an S&P rating of A+
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
4,266 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.53 AC
Zoning
B-1 - Central Business
Parking
26 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | OSAY-000037-000018 | Improvements Assessment | $801,400 |
| Land Assessment | $181,900 | Total Assessment | $983,300 |
PROPERTY TAXES
Parcel Number
OSAY-000037-000018
Land Assessment
$181,900
Improvements Assessment
$801,400
Total Assessment
$983,300
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