369 Boston Post Road, Old Saybrook, CT, Connecticut, property flyer

369 Boston Post Road, Old Saybrook, CT, 06475 | $499,995

PRICED REDUCED . . . . This is the perfect commercial property, with mixed use and a great business opportunity, close to the center of Old Saybrook! Great opportunity for owner occupied or numerous business opportunities for rental space; Professional Offices, Law Office, Hair Salons, Nail Salon, Massage Studio, Therapist, etc. . . close to town and local businesses. Great investment opportunity collect rent and run your own business as an owner occupied property on the main level and collect rent from residential tenants upstairs. Lots of private off street parking paved driveway, great traffic count easy access to 95S, 95N and Rt9. Newer hot water heater, newer windows, public water, siding with a nice lawn for great curb appeal this property has a sign with electrical for great visibility for your business. Nothing to do, but put your personal touches on this property with a front entry area, numerous offices on the main level and multiple egress within the property that allows this property to be a perfect fit for any business! SCHEDULE YOUR PRIVATE TOUR! SHOWN BY APPOINTMENT ONLY NO DRIVE BY'S PLEASE! AS IS / WHERE AS STOP PAYING RENT - BUY! THIS MIXED USE PROPERTY IS FOR SALE, FOR LEASE, LEASE WITH OPTION TO BUY! Why Rent when you can Own?!? Do you own a business and want to stop paying rent and own your own building? This is the perfect solution to long term wealth by owing your building. Lots of parking in the back the property. This property is a great investment property and can cash flow with rentals and a great location for any business with traffic count of over 12, 000 on a daily basis.

Features

Utilities: Electric,Telephone,Cable,Fire Suppression System
Heating: Baseboard,Hot Water
Cooling: Wall Unit
Units: 2

Zoning: B4
Frontage: State Road
Year Built: 1800
Acreage: 0.61

Est. Taxes: $5,755
Lot Desc: Dry,Level Lot,Cleared
MLS#: 24124701
Website: https://www.raveis.com
/prop/24124701/369bostonpostroad_oldsaybrook_ct?source=qrflyer

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Listing courtesy of McDonald Real Estate, LLC Phone: (860) 710-1645

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Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

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369 Boston Post Road, Old Saybrook, CT, 06475

$499,995

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	$399,996	$399,996	$399,996
Term	360 months	360 months	180 months
Initial Interest Rate**	5.625%	6.125%	5.375%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.258%	6.292%	5.648%
Monthly Tax Payment	$480	$480	$480
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$2,303	$2,430	$3,242
Total Monthly Payment	$2,858	$2,985	$3,797

* 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.