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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
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…