VERSATILE MIXED USE OPPORTUNITY PRIME OLD SAYBROOK LOCATION.


Property

Website:https://www.nestseekers.com/5418556
Address:
93 Elm
Old Saybrook, CT 06475
Ownership: Commercial
Type: Commercial
Bathrooms: 2
Area: 6897 sq ft

Financials

Price:$1,050,000
Annual Taxes:$8,372

Description

VERSATILE MIXED-USE OPPORTUNITY | PRIME OLD SAYBROOK LOCATION. Welcome to 93 Elm Street, Old Saybrook - a rare mixed-use asset offering strong in-place income, exceptional visibility, and significant upside potential for investors and owner-operators alike. Strategically positioned at the entrance to the high-traffic Stop & Shop/Walmart Plaza and directly across from a newly developed 250+ unit apartment community, this property benefits from consistent traffic flow and immediate access to I-95 via the Elm Street exit. NEW SEPTIC! The well-maintained building offers a flexible configuration suited for multiple income streams and uses: Two fully leased residential apartments with separate utilities and brand-new Navien heating systems, providing stable, consistent cash flow. One private office space ideal for professional or administrative use * Two commercial units currently combined into a turnkey restaurant, featuring a full dining room, takeout area, prep space, commercial kitchen, liquor license, new FF&E, ANSUL fire suppression system, walk-in cooler, multiple sinks, and ADA-compliant restrooms - easily adaptable for restaurant, cafe, deli, or alternative food concepts. Garage with conversion potential, additional warehouse/storage space, and a partially finished basement/cellar offering operational flexibility and expansion capability. The exterior features a newly paved parking lot with 16 spaces, a finished outdoor patio ideal for dining or gathering.

Amenities

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

Contact

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