309 Boston Post RdOld Saybrook, CT 06475

Property Details for 309 Boston Post Rd

Year built

1984

Construction

STEEL FRAME

Lot size

0.89 AC

Property size (Sq ft)

6,250 SF

Zone code

B4

Property type

Other commercial real estate

Property subtype

Showrooms

APN

OSAY M:042 B:014 L:1

APU

OSAYM042B014L1

Description

This exceptional 4,650-square-foot flex space, located at 309 Boston Post Road in Old Saybrook, Connecticut, presents a unique opportunity for businesses seeking a versatile and well-maintained property. The main floor encompasses 4,250 square feet of usable space, complemented by an additional 400 square feet on the second floor. The building boasts a 14-foot clear height, enhancing functionality and storage capacity. Access is provided by one 14-foot overhead door and three 12-foot overhead doors, facilitating efficient loading and unloading. The space is zoned B-4 and features two bathrooms, two offices, and a break room, providing ample space for administrative functions. The shop area includes two space heaters for added comfort. The building is equipped with a sprinkler system for fire safety and benefits from 200 AMP electric service, city water, septic, and gas. This well-maintained property is situated in a high-traffic area with an average daily traffic count of 13,800 vehicles, ensuring excellent visibility and accessibility. The asking rent is $15 per square foot, plus NNN charges. This prime location in Middlesex County offers a blend of industrial and office space, ideal for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,518,968

  6.5%

  $1,402,124

  7%

  $1,301,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,057,895

  Geo Method

  $2,057,895

• Alternative Use

  Use

  Valuation

  Residential

  $1,182,744

  Hospitality

  $1,083,388

  Educational

  $901,366

  Medical

  $932,365

  Retail

  $1,402,124

Location Insight

City

Old Saybrook

County

Middlesex

State

Connecticut

Latitude

41.3074

Longitude

-72.3703

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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