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26
Photos
3 Town Beach Road, Old Saybrook, CT 06475
$949,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
1
bath
3,472
sqft
Built in
1960
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.
Features & Amenities
Interior
- Appliances:
- Oven/Range,Refrigerator,Dishwasher
- Basement:
- Full,Unfinished,Storage,Interior Access,Concrete Floor,Full With Hatchway
- A/C:
- None
- Heating:
- Baseboard, Natural Gas,Oil,Propane
- Fireplace:
- Fireplaces: 0
Exterior
- General:
- Deck
- Style:
- Other
- Parking:
- Parking spaces: 8
Construction
- Roofing:
- Asphalt Shingle
Location
- HOA Amenities:
- Club House,Lake/Beach Access, 480.0, Annually
- County:
- Middlesex
Lot
- Driveway:
- Private,Paved
- Zoning:
- A, 1023035
Utilities
- Water:
- Public Water Connected
- Sewer:
- Septic
This listing courtesy of:
Berkshire Hathaway NE Prop., Sharon Linder
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Old Saybrook, CT
Housing
- Number of Units
- 4,896
- Median Home Value
- $412,690
- Median Rent
- $1,390
18.79% of housing units are renter occupied.
17.00% are vacant.
Commute
- Car
-
49.91%
- Public Transportation
-
0.98%
- Walk to Work
-
2.72%
- Work from Home
-
45.88%
- Other
-
0.02%
The median travel time to work is 15 minutes.
People
- Population
- 9,461
- Median Age
- 53.10
- Median Household Size
- 2.53
Education
- High School
-
22.51%
- Associate’s Degree
-
9.18%
- Bachelor’s Degree
-
26.64%
- Graduate Degree
-
24.19%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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