Property Description
Prime Mixed-Use Investment & Development Opportunity – Old Saybrook, CT Attention investors, developers, restauranteurs, and retail property owners: Situated on a high-visibility corner lot along Boston Post Road, this mixed-use property combines strong existing income with exceptional development potential in one of the shoreline’s fastest-growing markets.The offering includes:9,060 SF fully renovated commercial building (on 0.97 acres) currently operating as a restaurant with banquet space, lounge, private office, dining areas, waiting room, and multiple restrooms. 1,300 SF single-family residence generating consistent rental income. 3.75 acres of land (approx. 70% developable, 30% wetlands) offering expansion potential for retail or multifamily/apartment development.Shared and expanded parking lots servicing both structures.Old Saybrook has seen a wave of successful mixed-use and retail/residential developments along Boston Post Road – including 907 Boston Post Rd. (Saybrook Junction redevelopment) and 980 Boston Post Rd. (commercial/retail expansion) – demonstrating the town’s strong demand for high-quality investment property. All assets (commercial building, residence, and land) are to be sold together. Final approvals subject to buyer due diligence with the Town of Old Saybrook Planning & Zoning.
Features
- Heating System:
- Hot Air
- Cooling System:
- Central Air, Ductless
- Foundation Type:
- Concrete
- Heat Fuel Type:
- Natural Gas, Electric
- Flooring:
- Wood
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 125
- Location:
- Highway Access, Suburban, Downtown
- Lot Description:
- Level Lot, Some Wetlands, Additional Land Avail., Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- School House
- Street Number:
- 20
- Floor Number:
- 0
- Longitude:
- W73° 35′ 46.6”
- Latitude:
- N41° 17′ 17.7”
MLS Addon
- Office Name:
- Century 21 AllPoints Realty
- Agent Name:
- Tyler DeVecchis
- List Agent MLSID:
- 841770
- List Office MLSID:
- 13571
- Tax Year:
- July 2025-June 2026
- Directions:
- Use GPS
- HOA Fee Amount:
- $0
- Parcel Number:
- 999999999
- Property Tax:
- $12,189
- Zoning:
- B-4
Commercial For Sale
20 School House, Old Saybrook, 06475
0 Bedrooms
6 Bathrooms
205,603 Sqft
$3,500,000
Listing ID #24137029
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24137029
- Price :
- $3,500,000
- Bedrooms :
- 0
- Baths Total :
- 6
- Bathrooms :
- 6
- Half Bathrooms :
- 0
- Square Footage :
- 205,603 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.97 Acre
- City:
- Old Saybrook
- Zipcode:
- 06475
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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