103 Main Street, Old Saybrook, CT, 06475 | $1,150,000

Location, Location, Location! Prime, A+ building for sale on Main Street, Old Saybrook for the first time in 70 years! Be part of the vibrant Main Street community!! This office/retail building has been respectfully and lovingly maintained throughout the years including a recent new roof, windows on the second floor, new siding. This 3000+ sq ft. building is fully leased, has a full basement and private parking in the rear. There are four separate units (two up and two down) each with their own separate electric meters, each with their own restrooms. Great rental history. Prime location on Main Street next to new brewery, wine bar, bank, Saybrook Hardware and so much more. Parking on Main Street and rear of building for tenants. Contact listing agent for more information.

Features

  • Current Use: Retail, Real Estate office, office
  • Permitted Use: Retail, Office
  • Utilities: Electric,Gas Available,Phone Available,Cable Available
  • Garage: Parking Lot,On Street Parking,Off Street Parking
  • Parking: 7-car
  • Heating: Hot Air
  • Cooling: Central Air
  • Units: 4
  • Zoning: B-1
  • Frontage: State Road
  • Year Built: 1950
  • Approx Sq. Feet: 3,177
  • Acreage: 0.11
  • Est. Taxes: $5,545
  • Lot Desc: Level Lot,Cleared
  • MLS#: 24058035
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/24058035/103mainstreet_oldsaybrook_ct?source=qrflyer
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Listing courtesy of REMAX Valley Shore

William Raveis Family of Services

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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  • Has access to hundreds of loan programs, all at competitive rates
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Our Insurance Division:

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203.925.4590

For homebuyers and sellers, our Attorney Network:

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    requirements, sets up escrows and title insurance, coordinates closing documents
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103 Main Street, Old Saybrook, CT, 06475

$1,150,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment $462 $462 $462
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,152 $5,665 $7,640
Total Monthly Payment $5,739 $6,252 $8,227

* 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.