A significant price reduction! Don't miss this great opportunity to be the next owner of this exquisite antique property in the historic district of beautiful Old Saybrook, Connecticut. Completely restored in keeping with circa 1790 yet with all the modern conveniences. This is a multi use investment property with retail space on the main level currently equipped for a restaurant or cafe. The 2nd floor use has 3 units each with a full and remodeled bath. The main floor also has living space with a full bath. Walk to downtown with its' awesome restaurants, cafes, wonderful boutique shops and the world renowned Katherine Hepburn Performing Art Center. A bike ride away to the public town beaches and the gorgeous Saybrook Point Resort & Marina. Enjoy all that the pretty Connecticut shoreline town has to offer to include the stunning waterfront on the Fenwick Golf Course. Old Saybrook is a quintessential New England town that is a highly regarded destination for visitors from all over the world. An easy and no fuss destination for travelers coming from NYC and Boston by train. Visitors explore the Connecticut shoreline rich in history and culture with Mystic Seaport 30 minutes away. This B&B is notably called the James Pharmacy Bed & Breakfast for the historic significance of the first female pharmacist to own and operate a pharmacy in Connecticut. Prior to it being a pharmacy, the building dates back to 1790 when it was first built and was used a general store.
This sale includes two commercial office units (Units 1300 and 1400), offering a combined total of approximately 2,400 square feet across two floors. Unit 1300 is a first-floor unit, while Unit 1400 is located on the second floor. Well-maintained and updated, this bright, professional space spans both levels, each featuring brand-new flooring, private restrooms, and a clean, turnkey feel throughout. Unit 1300 is currently leased through May 2027, providing immediate rental income, while Unit 1400 offers flexibility for an owner-occupant or additional leasing potential. The layout lends itself well to professional offices, medical or wellness services, creative studios, or a variety of commercial uses. Conveniently located near the center of town yet tucked away for added privacy, the property offers plenty of off-street parking and a quiet, productive setting. An ideal opportunity for investors seeking stable income or business owners looking to secure their own space while offsetting expenses with an in-place tenant.
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.
Turn-Key Restaurant Opportunity - The Rabbit Hole, Old Saybrook is a well-established and fully operational restaurant and bar, The Rabbit Hole, proudly serving the Old Saybrook and shoreline community for over 16 years. This turn-key business is a local favorite and premier destination, known for its award-winning food and beverages, welcoming atmosphere, and outstanding service. With seating for 10 at the bar and over 40 at tables, plus additional seasonal outdoor seating, the space is perfectly designed for both casual diners and sports enthusiasts alike. The Rabbit Hole enjoys a strong customer base, excellent reputation, and steady year-round traffic. See disclosure for complete list of property conveyed with the sale. Don't miss this rare opportunity to own a proven business in one of the shoreline's most vibrant communities. Highlights include: * Strong local brand recognition and loyal customer base * Prime location in a high-visibility, high-traffic area located on Main Street Old Saybrook * Well-maintained bar/restaurant interior with modern updates * All FF&E (furniture, fixtures & equipment) included in sale * Ample on-site parking (on Main Street and rear off street parking) See disclosures for a complete list of equipment and property included with the sale. Whether you're an experienced operator or an entrepreneur looking to step into a profitable business, this is a must-see opportunity. Schedule a confidential showing today.
ALSO FOR LEASE $3,000/month NNN Property Overview: Building Size: 4,157 SF (Three Stories) Lot Size: 0.23 Acres Zoning: B-2 (General Business District) Heating & Cooling: Oil Heat, Window A/C Units Access: Multiple ground-floor entrances Key Highlights: -High-visibility corner location at a traffic light Directly across from CVS and a Ford dealership -Located on busy Route 1 near Main Street -Just 0.5 miles from I-95 on/off ramp Traffic Count: 21,000 vehicles per day (ADT) -This is a strong retail or office opportunity in a high-traffic area with excellent visibility and accessibility. Ideal for businesses seeking a presence on a major commercial corridor.
This property, which has been on the market for a while, due to a prior contract, environmental reviews, and remediation-are all now resolved. Connecticut Department of Energy and Environmental Protection (DEEP) has issued a "No Further Action" letter, confirming all remediation is complete (see brochure for documentation). Gas station and repair facility for sale in B-2 Zoned location. 6 Gas tanks were removed by seller in July 2019: 3 gas (3,000 gal each), 1 diesel (3,000 gal), 1 waste oil (550 gal), 1 fuel oil (550 gal). Clean environmental report. Building # 1 = 1856 SF with 3 bay overhead doors, Ceiling height: 12 Ft. Building #2 (rear) = 2,400 SF with 2 overhead doors, Ceiling height: 18 Ft. Acres: 0.51. Heating: oil & waste oil / hot air. Taxes: $10,831. Items remaining: compressors, sign, storage containers, canopy, POS terminal, furniture, kerosene pump/tank, heaters. 200 amp electric service for both. Well & septic. City water available. Frontage: 100 Ft. Traffic Count: 14,100. Next to intersection to Main Street & Old Saybrook Shopping Center. Abuts Burger King. Up the street from the train station.
Old Saybrook is located in Connecticut. Old Saybrook, Connecticut has a population of 10,506. Old Saybrook is less family-centric than the surrounding county with 21.55% of the households containing married families with children. The county average for households married with children is 27.85%.
The median household income in Old Saybrook, Connecticut is $95,795. The median household income for the surrounding county is $90,833 compared to the national median of $69,021. The median age of people living in Old Saybrook is 56.1 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.8 inches per year, with 25.9 inches of snow per year.
