40
See all 40 photos
$1,360,000
Est. payment /mo
2 Baths
6,897 SqFt
New
93 Elm Street Old Saybrook, CT 06475
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,897 sqft
Price per Sqft $197
MLS Listing ID 24136197
Full Baths 2
Year Built 1950
Annual Tax Amount $8,372
Lot Size 0.450 Acres
Property Description
VERSATILE MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING - PRIME OLD SAYBROOK LOCATION Welcome to 93 Elm Street, Old Saybrook - a rare mixed-use property offering income stability, high visibility, and unmatched flexibility for both investors and owner-operators. Positioned at the entrance to the busy Stop & Shop/Walmart Plaza and directly across from a brand-new 250+ unit apartment development, this property benefits from heavy traffic flow and excellent access just off the I-95 Elm Street exit. This well-maintained building is configured for multiple uses: - Two residential apartments, fully leased, with separate utilities and brand-new Navien heating systems, delivering steady rental income. - One private office space, ideal for professional use. - Two commercial units currently combined into one turnkey restaurant, featuring a full dining room, takeout counter, prep area, commercial kitchen, liquor license, new FF , ANSUL fire suppression system, walk-in cooler, multiple sinks, and ADA-compliant restrooms. The flexible layout can easily support dine-in, cafe, deli, or a new food concept. - Garage with conversion potential plus warehouse/storage space and a partially finished basement/cellar - offering additional functionality and expansion opportunities. Outside, the property boasts a newly paved lot with 16 parking spaces, a finished patio for out door dining, and a brand-new septic system for peace of mind.
Location
State CT
County Middlesex
Zoning B-2
Interior
Interior Features Fire Suppression System, Public Restrooms
Heating Hot Air
Cooling Central Air, Split System
Flooring Concrete
Exterior
Exterior Feature Storage Building, Gutters, Pole Sign
Parking Features Paved, Parking Lot
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle,Fiberglass Shingle
Building
Lot Description Corner Lot
Foundation Concrete
Sewer Septic
Water Public Water Connected
Listed by Tyler DeVecchis • Century 21 AllPoints Realty