Gas Station & Repair Facility For Sale on Rte 1 Old Saybrook

Retail-Commercial for Sale
Catylist Listing ID: 30230142
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 4,253 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $799,000
Unit Price: $187.87 PSF
Property Use Type: Vacant/Owner-User, Business
Usable Size (USF): 4,253 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/9/2021

Overview / Comments

Automotive Repair Facility that used to be a Gas Station. 6 Tanks were removed by owner July, 2019. 3 gas (3,000 gal each), 1 diesel (3,000 gal), 1 waste oil (550 gal), 1 fuel oil (550 gal). Clean environmental report. B-2 Zoned location. Building # 1 = 1856 SF with 3 bay overhead doors, Ceiling height: 12 Ft. Building #2 (rear) = 2,400 SF with 2 overhead doors, Ceiling height: 18 Ft. Acres: 0.51. Heating: oil & waste oil / hot air. Taxes: $10,831. Items remaining: compressors, sign, storage containers, canopy, POS terminal, furniture, kerosene pump/tank, heaters. 200 amp electric service for both. Well & septic. City water is available. Frontage: 100 Ft. Traffic Count: 14,100. Next to intersection to Main Street & Old Saybrook Shopping Center. Abuts Burger King. Up the street from the train station.

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Middlesex
Tax ID/APN: 037/055-0000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Burger King and Advance Auto Parts
Property Visibility: Excellent
Largest Nearby Street: Route 1
Traffic/Vehicle Count: 14,100
Highway Access: I-95
Site Description: Very busy Route 1 at intersection of Main and Route 1
Area Description: Dozens of national and local retailers including the Old Saybrook Shopping Center next door, abutting Burger King, Main St. Many offices and service providers. Right next to the Old Saybrook Train Station.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1966
Year Renovated: 1998
Construction/Siding: Block
Sprinklers: Other
Heat Type: Oil
Heat Source: Central
Air Conditioning: Window Unit
Zoning Description: B-2 Business Commercial
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 682 13,950 28,327
Median Age: 45.63 49.92 49.04
Households: 279 5,940 12,011


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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