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3 Town Beach Road, Old Saybrook CT 06475

Current Price: $949,000

3 beds 1 baths 3472 sq. ft

Last Update: 5/9/2024

Property Type: Single Family For Sale

Public Remarks

INVESTMENT OPPORTUNITY - CORNFIELD POINT BEACH ASSOCIATION! This property presents a rare opportunity to own a versatile space that combines commercial and residential appeal. Whether youre 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, theres 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 Streets 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.

Map to Property at 3 Town Beach Road, Old Saybrook CT 06475


GPS Friendly - Main Street to Maple Avenue, cross to Town Beach Road. Property is on the corner.

Residential Property Information for 3 Town Beach Road, Old Saybrook CT 06475

MLS #: 24004520

Style: Other

Color:

Total Rooms:

Bedrooms: 3

Bathrooms: 1

Acres: 0.13

Year Built: 1960 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $6,960

Zoning: A

Mil Rate:

Assessed Value: $340,200 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3472; below grade sq feet total is ; total sq ft is 3472

Features
Appliances Incl.: Oven/Range,Refrigerator,Dishwasher
Fireplaces: 0
Basement Desc.: Full,Unfinished,Storage,Interior Access,Concrete Floor,Full With Hatchway
Exterior Siding: Vinyl Siding
Exterior Features: Deck
Foundation: Concrete
Roof: Asphalt Shingle
Driveway Type: Private,Paved
Garage/Parking Type: None,Paved,Driveway
Swimming Pool: 0
Lot Description: Corner Lot,Dry,Level Lot
Utility Information

Hot Water System Domestic

Heat Type: Baseboard

Fueled By: Natural Gas,Oil,Propane.

Cooling: None

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Septic

School Information

Elementary: Kathleen E. Goodwin

Intermediate:

Middle:

High School: Old Saybrook

Marketing History

Current List Price: $949,000

Original List Price: $949,000

DOM: 49

Listing Date: 3/20/2024

Last Updated: 3/22/2024 6:18:57 PM