93 Elm Street new Save Request In-Person Tour Request Virtual Tour
Old Saybrook,CT 06475
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,897 sqft
Price per Sqft $217
MLS Listing ID 24111166
Full Baths 2
Year Built 1950
Annual Tax Amount $8,372
Lot Size 0.450 Acres
Property Description
VERSATILE MULTI-USE COMMERCIAL BUILDING IN PRIME DOWNTOWN LOCATION Exceptional opportunity in the heart of downtown! This strategically located mixed-use property at 93 Elm features fully leased residential apartments, a commercial office space (with potential bath), and a turnkey restaurant equipped for 40+ full dining and separate takeout operations. Additional amenities include a large garage (currently storage), basement, finished outdoor patio, and parking for 16 cars. Situated at the entrance of the Stop & Shop & Walmart Plaza, across from a new 250+ unit apartment complex, and just off the Elm Street exit from I-95, the property benefits from prime visibility, accessibility, and ample parking-major drivers for customer attraction. The two leased apartments generate steady income, each with separate utilities and modern systems. The available office space and convertible garage offer further income potential. The restaurant includes a liquor license, prep room, walk-in cooler, and storage, and can function as a single or dual business. There's space for a deli or quick-service lunch spot in the takeout area, with full-service dining possible in the evenings. This property offers diverse investment or owner/operator opportunities, immediate cash flow, and long-term appreciation.
Location
State CT
County Middlesex
Zoning B-2
Interior
Interior Features Fire Suppression System,Living Space Available,Public Restrooms,Window Display
Heating Hot Air
Cooling Central Air,Split System
Flooring Vinyl,Wall-to-Wall Carpet
Exterior
Exterior Feature Storage Building,Gutters,Pole Sign,Doors - under 10 ft
Parking Features Paved,Parking Lot
Utilities Available Electric,Gas,Telephone,Fire Suppression System
Roof Type Asphalt Shingle,Fiberglass Shingle
Building
Lot Description Corner Lot,Dry,Level Lot,Cleared
Story 2
Foundation Concrete
Sewer Septic
Water Public Water Connected