725 Boston Post Road, Old Saybrook, CT, 06475 | $650,000

Location - Prime Boston Post Road Frontage! An incredible opportunity awaits in the heart of downtown Old Saybrook with this turn-key mixed-use property, ideally situated on bustling Route 1. Zoned B-2, the 2, 140 sq ft commercial space offers endless possibilities for a wide range of businesses, from wellness and spa services to professional offices or retail. The main level of the commercial unit has an open-concept space, including a welcoming reception area, stylish waiting room, and a spacious shared spa or service area - all enhanced by high-end lighting and exquisite tile finishes. A kitchenette provides functionality for staff breaks or private treatments, while a half bath completes the layout. The fully remodeled lower level boasts a large open common space, two versatile rooms ideal for treatment areas or offices, and a utility zone with laundry and Bilco door access, perfect for deliveries. The residential unit offers privacy and charm, complete with a fenced patio and pergola for outdoor enjoyment. Inside, you'll find a beautifully updated kitchen with Corian counters, bar seating, and an open layout perfect for entertaining. The first floor includes a bedroom and full bath with floor-to-ceiling , while the 2nd level spans the length of the building that includes 3 spacious bedrooms all with walk-in closets plus an updated full batn. bath. Updates New windows, efficient heating and cooling units, updated electrical and a commercial fire alarm system.

Features

  • Property Type: Other
  • Current Use: Medical Spa, residential short-term rental
  • Permitted Use: B-2
  • Utilities: Electric,Phone Available,Cable Available
  • Heating: Baseboard,Wall Unit
  • Cooling: Ductless
  • Units: 2
  • Zoning: B2
  • Frontage: State Road
  • Year Built: 1944
  • Approx Sq. Feet: 5,580
  • Acreage: 0.1
  • Est. Taxes: $5,633
  • Lot Desc: Level Lot
  • MLS#: 24111400
  • Website: https://www.raveis.com
    /prop/24111400/725bostonpostroad_oldsaybrook_ct?source=qrflyer
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Listing courtesy of Coldwell Banker Realty   Phone: (203) 245-4700

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NMLS Mortgage Loan Originator ID 10930

203.641.8287

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725 Boston Post Road, Old Saybrook, CT, 06475

$650,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $520,000 $520,000 $520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.292% 5.609%
Monthly Tax Payment $469 $469 $469
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,953 $3,160 $4,214
Total Monthly Payment $3,514 $3,721 $4,775

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.