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340 Boston Post Rd
Old Saybrook, CT 06475
Purchase or Joint Venture · For Lease

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Hotel

PROPERTY OVERVIEW

Subdivision Level Metrics - 18.8-acres, 9 lots, four buildings totaling 60,000 square feet, five vacant lots --- Common water lines and electric require re-install based on pro-rata share of cost. --- $30m TIF for district known as Mariners Way - https://www.oldsaybrookct.gov/sites/g/files/vyhlif3626/f/uploads/os_mariners_way_plan.pdf - https://www.facebook.com/watch/?v=275810813351620 Prelim Scope Prepared by Environmental Consultant – 11/2021 Remediation Estimate – Investigation – up to $120,000 Remediation Estimate – Remediation– up to $140,000 Hazardous Building Materials Abatement - Remediation– up to $363,000 Subtotal of Testing and Materials Abatement – $623,000 (Excludes soils export, groundwater remediation, consulting fees, demolition and disposal of hazardous materials, all are extra)

  • Listing ID: 24557265

  • Date on Market: 11/27/2021

  • Last Updated:

  • Address: 340 Boston Post Rd, Old Saybrook, CT 06475

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