Properties

Property Description

Cross-posted on MLS # 24149701 ~ 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.

Features
Heating System:
Hot Air, Hot Water
Cooling System:
Central Air, Window Unit
Foundation Type:
Slab
Heat Fuel Type:
Oil, Propane
Fireplaces Total:
0
Parking Total Spaces:
0
Location:
Highway Access, Downtown, Shopping Mall, Strip Mall
Lot Description:
Level Lot, Cleared, Corner Lot
Water Source:
Public Water Connected
Address Map
Street:
Boston Post
Street Number:
1780
Floor Number:
0
Longitude:
W73° 34′ 48”
Latitude:
N41° 17′ 3”
MLS Addon
Office Name:
Carbutti & Co., Realtors
Agent Name:
Nicholas Tarquino
List Agent MLSID:
842941
List Office MLSID:
CARB30
Tax Year:
July 2025-June 2026
Directions:
Use GPS
HOA Fee Amount:
$0
Parcel Number:
1024739
Property Tax:
$5,896
Zoning:
B-4

Commercial For Sale

1780 Boston Post, Old Saybrook, 06475

0 Bedrooms
2 Bathrooms
2,236 Sqft
$850,000
Listing ID #24149460
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24149460
Price :
$850,000
Bedrooms :
0
Baths Total :
3
Bathrooms :
2
Half Bathrooms :
1
Square Footage :
2,236 Sqft
Year Built :
1970
Lot Area :
0.69 Acre
City:
Old Saybrook
Zipcode:
06475
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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