93 Elm
Old Saybrook, CT 06475

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 2
Area: 6897 sq ft

Financials

Price:$1,360,000
Annual Taxes:$8,372
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Tyler DeVecchis of Century 21 AllPoints Realty

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 ...

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.

Amenities

  • Central Air
  • Elementary School -
  • Fire Suppression System
  • Gutters
  • High School -
  • Intermediate School -
  • Pole Sign
  • Public Restrooms
  • Split System
  • Storage Building

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