$273.33 Per Sq Foot $5,094 est/mo Sourced by Back At You

3 Town Beach Road,Old Saybrook, CT 06475

Old Saybrook CT, 06475

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Description

INVESTMENT OPPORTUNITY - CORNFIELD POINT BEACH ASSOCIATION! This property presents a rare opportunity to own a versatile space that combines commercial and residential appeal. Whether you're seeking a lucrative investment, envisioning your own Airbnb, or own beach escape, this property offers endless possibilities. Situated in the sought-after Cornfield Point Beach Association, this property is at the entry of this very desirable beach community with many residents and guests driving by daily! The property boasts a flexible layout, featuring a spacious storefront ideal for retail, caf?, breakfast/lunch destination or ice cream! Additionally, there's a separate residential unit upstairs with 4 bedrooms, oversized deck, plenty of parking, full bath providing a rental opportunities. Maximize your investment with dual income streams. Whether you choose to lease out the storefront, rent the residential unit, or utilize both spaces for personal and commercial purposes, this property promises lucrative returns and financial flexibility. There is also the option of converting the storefront into 1-2 apartments. Walk or bike to Cornfield Point Beach/two town beaches, Main Street's shops, restaurants are a short drive/bike ride away, as are the Kate Cultural Arts Center, Fenwick Golf Course and Saybrook Point. Just a few hours from NYC or Boston, your private shoreline retreat is calling you. No flood insurance required.

Details

MLS#24004763
Listing TypeFor Sale
HOA Dues$480
StatusActive
Year1960
Days On Site121
Listing Provided ByBerkshire Hathaway NE Prop. | Sharon Linder

Features

Bath(s) 1 Total
SQ Feet3,472
Units2
ZoningA
Acreage0.13
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Learn More About This Property

StateCT
CountyMiddlesex
CityOld Saybrook
Zip Code06475
AreaMiddlesex
Listing VS Median (in 06475)
Price:
$949,000
low | high
Med:
$534,500
93.677555321391% of Average
SqFt:
3,472
low | high
Med:
1,604
100% of Average
$ / SqFt:
$273
low | high
Med:
$334
27.849877332729% of Average
On Site:
121
low | high
Med:
8.500000
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2024 at 1:24:57 AM PDT