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EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,395 SF
Building Class
C
Year Built
1918
Price
$2,195,000
Price Per SF
$296.82
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.74
Lot Size
0.23 AC
Zoning
B-1 - Light Business
Frontage
73’ on Main St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | OSAY-000037-000016 | Improvements Assessment | $458,600 |
| Land Assessment | $136,400 | Total Assessment | $595,000 |
PROPERTY TAXES
Parcel Number
OSAY-000037-000016
Land Assessment
$136,400
Improvements Assessment
$458,600
Total Assessment
$595,000
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121-125 Main St
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