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$ 1,050,000
Est. payment | /mo
2 Baths
6,897 SqFt
$ 1,050,000
Est. payment | /mo
2 Baths
6,897 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,897 sqft
Price per Sqft $152
MLS Listing ID 24167568
Full Baths 2
Year Built 1950
Annual Tax Amount $8,372
Lot Size 0.450 Acres
Property 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.
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
Nearby Locations
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JG Kemp
REALTOR® | Lic# 0821174