$3,500,000

Est. Mortgage $16,787/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

Listing courtesy of Tyler DeVecchis (860) 966-9217, Century 21 AllPoints Realty (860) 263-2121

20 School House Road, Old Saybrook, CT, 06475

20 School House Road, Old Saybrook, CT, 06475
View larger map Directions

0 beds

6 Full baths

1900

205,603 sqft

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. All Due Diligence will be supported by listing agent and seller, but obtained by buyer. Previous drawings plans will be offered.

Status:

Active

Type:

Commercial

Zoning:

B-4

Frontage:

State Road,Paved Road

Garage:

Paved

Heating:

Hot Air

Cooling:

Central Air, Ductless

Parking:

125-car

Acreage:

0.97

Est. Taxes:

$12,189

Assessment

$786,400

Current Use

Restaurant-Residential Rental-Land

Permitted Use

Redevelopment-Restaurant-Residential

Utilities

Electric,Gas,Cable,Fire Suppression System

Lot Description:

Corner Lot,Some Wetlands,Additional Land Avail.,Level Lot

Days on Market:

35

MLS #:

24137029

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$3,750,000

8,936 sqft

170 South Street, Brooklyn, CT, 06234

Price Reduced!

$3,500,000

4.5 baths

11,783 sqft

848 Route 171 Route, Woodstock, CT, 06281

Price Reduced!

$3,500,000

1,952 sqft

391 Westport Avenue, Norwalk, CT, 06851

Price Reduced!

$3,100,000

70 Washington Avenue, North Haven, CT, 06473

$3,250,000

23,512 sqft

271 Federal Road, Brookfield, CT, 06804

$3,500,000

2 beds

2.5 baths

3,657 sqft

111 Mill Street, Greenwich, (Byram), CT, 06830

$3,800,000

19 baths

29,841 sqft

208 Main Street, East Haven, CT, 06512

$3,995,000

3 beds

4 baths

9,036 sqft

34 Neck Road, Old Lyme, (Hall's Corners), CT, 06371

$3,499,999

2354 Rt 9n, City Not Found, CT, 12845

$3,250,000

1 baths

4,320 sqft

177 Boston Post Road, Westbrook, (Stannard Beach), CT, 06498

$3,900,000

69,000 sqft

35-69 Benham Avenue 69, Bridgeport, (West End), CT, 06605

$3,900,000

56,329 sqft

978 Orange Avenue, West Haven, (Allingtown), CT, 06516

Price Reduced!

$3,100,000

35,277 sqft

273 Asylum Street, Hartford, CT, 06103

$2,800,000

15,000 sqft

63 Glover Avenue, Norwalk, (Silvermine), CT, 06850

$2,800,000

1 beds

8 baths

17,990 sqft

400 Torrington Road, Litchfield, CT, 06759

$3,500,000

12,696 sqft

1681 West Main Street, Windham, (Willimantic), CT, 06226

New or Coming Soon Properties

New Listing!

$3,499,999

2255 Ballston Avenue, City Not Found, (Call Listing Agent), CT, 12866

Copyright ©2025 SmartMLS, Inc.