Description for
3 Town Beach RoadOld Saybrook, CT 06475
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.
Price
$949,000
Middlesex
3
1 Full
3,472 (approx)
24004520
Active
Description
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.
Listing Information
Property Type: Single Family, Other
3
1 Full
8
0.13 Acres
3,472 (approx)
1960
Vinyl siding
Public
Septic Tank
Neighborhood
School Information
Kathleen E. Goodwin
Old Saybrook
Old Saybrook
Room Information
Bathrooms
1
Interior Features
Dishwasher, Range, Oven, Refrigerator
None
Gas Heat, Electric Heating, Oil, Propane,Baseboard
Full
Exterior / Lot Features
8 Parking Spaces,Paved
Vinyl
Deck
Asphalt
A
Corner Lot, Level
Driving Directions
GPS Friendly - Main Street to Maple Avenue, cross to Town Beach Road. Property is on the corner.
Financial Considerations
$480 Annually
1023035
$6,960
Listing Price History
Old Saybrook Real Estate
Old Saybrook is located in Connecticut.
Old Saybrook, Connecticut 06475 has a population of 10,564.
The median household income for the surrounding county is $86,900
compared to the national median of $66,222.
The median age of people living in Old Saybrook 06475 is 46 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
Street Address
City
Beds
Baths
Sold Price
Sold Date
No information is available for recently sold properties within this search.