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93 Elm Street

Old Saybrook, CT 06475

$1,050,000
  • 2 Bathrooms
  • 0.45 Acre

93 Elm Street
Old Saybrook, CT 06475

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Old Saybrook / CT

Commercial Sale HIGHLIGHTS

  • Property Type

    Commercial Sale

  • Year Built

    1950

  • Cooling

    Yes - Central Air

  • Heating

    Yes - Natural Gas, Forced Air

  • RE Tax

    $8,372

Listing courtesy of Tyler DeVecchis (860-966-9217) of Century 21 AllPoints Realty (860-263-2121).

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.
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  • Acres

    0.45 Acres

  • Bathrooms (Full)

    2

  • MLS #

    24167568

  • Property Type

    Commercial Sale

  • Year Built

    1950

  • Building Area Total

    6897

  • Construction Materials

    Frame

  • Foundation Details

    Concrete Perimeter

  • Total Number of Units

    5

  • Year Built

    1950

  • Zoning

    B-2

  • Zoning Description

    B-2

  • Lot Features

    Corner Lot

  • Open Parking Spaces

    16

  • Other Structures

    Storage

  • Parking Features

    Paved, Parking Lot

  • Roof

    Asphalt, Fiberglass

  • Total Parking

    16

  • Annual Taxes

    $8,372

  • Cooling

    Yes - Central Air

  • Flooring

    Concrete

  • Heating

    Yes - Natural Gas, Forced Air

  • Sewer

    Septic Tank

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $698

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

93 Elm Street

Location

Nearby Points of Interest

  • Jager Professional Gas Service LLC

    Home Improvement, Independent

  • Mr Appliance

    Home Improvement, Chain

  • Curry Queen

    Restaurants, Independent

  • Julia S Tucker Wood LMFT LLC

    Retail, Independent

  • River Valley Periodontics & Implant Dentistry

    Health Care, Independent

Data courtesy of LocalLogic.co

Connecticut
Neighborhood

Connecticut

Connecticut offers a vibrant and diverse lifestyle with abundant outdoor activities, including hiking in the Litchfield Hills, kayaking along the Long Island Sound, and exploring state parks such as Hammonasset Beach State Park. Dining...

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93 Elm Street

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