3 Town Beach Road, Old Saybrook, (Cornfield Point), CT, 06475
8 rooms
3 beds
1 Full baths
1960
Other
3,472 sqft
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.
Status:
Active
Town:
Old Saybrook
Type:
Single-family residential
Zoning:
A
Garage:
None, Paved, Driveway
Heating:
Baseboard
Cooling:
None
Basement:
Full, Unfinished, Storage, Interior Access, Concrete Floor, Full With Hatchway
Parking:
8-car
Common Charge:
$480 Annually
Acreage:
0.13
Est. Taxes:
$6,960
Assessment
$340,200
HOA Fee
$480
Lot Description:
Corner Lot,Dry,Level Lot
Elementary School:
Kathleen E. Goodwin
High School:
Old Saybrook
Days on Market:
44
Appliances:
Oven/Range, Refrigerator, Dishwasher
MLS #:
24004520
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Sharon Linder, Berkshire Hathaway NE Prop. Email: sharonlinder@bhhsne.com