678 Colonel Ledyard Hwy - Storefront Retail/Residential FOR SALE


Ledyard, CT 06339
$585,000 USD
860-480-6477
678 Colonel Ledyard Hwy, Ledyard, CT for Sale
$585,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | Request Cap Rate

678 Colonel Ledyard Hwy
Ledyard, CT 06339


OVERVIEW

Investor Alert: Prime Mixed-Use Opportunity in the Heart of Ledyard! Welcome to 678 Colonel Ledyard Highway-a high-performing, fully occupied property offering a rare combination of residential and commercial income streams, all on one lot and just minutes from Ledyard Center. With $5,900/month in current rental income and value-add potential, this property is a standout addition to any investor's portfolio. The commercial building is home to a well-established, thriving diner that draws steady local traffic. Inside, you'll find three distinct dining areas with inviting electric fireplaces, three bathrooms, and a fully updated commercial kitchen featuring all new equipment including a Precision HD gas stove, griddle, fryers, hoods, an ice cream freezer, + more. The space also includes a freshly painted deck and charming outdoor areas. Upstairs, a partially finished space offers serious upside-perfect for potential expansion or conversion into additional rental or storage income. With ample on-site parking and a newly installed sidewalk connecting directly to Ledyard Center, this location offers excellent visibility and walkability for continued business growth. The two-family home includes a 2-bedroom, 1-bath unit on the lower level and a spacious 4-bedroom, 1-bath unit above-both fully leased with generous parking. Recent capital improvements include a new driveway (2022), new siding and gutters (2022), a new deck (2024), a patio (2022), and a new shed (2024). Both oil tanks are approximately one year old, and the hot water heaters were replaced around 2019, reducing your near-term maintenance exposure. Whether you're looking to stabilize and hold or enhance cash flow through strategic improvements, this property checks all the boxes: strong in-place income, great location, significant upgrades, and room for future growth. Don't miss this chance to own a rare mixed-use gem in Ledyard-schedule your private tour today and start capitalizing on this exceptional investment opportunity. Feel free to respectfully visit Diner while its open (7AM-2PM). Please do not speak to staff about sale. If further interest, showings for 2-family can be scheduled. Restaurant lease up on July 15th, 2028. Restaurant takes care of all utilities, landscaping, & leased propane tanks. Owner pays $1500/yr TOTAL to pump both septics & grease trap. ALL kitchen equipment in diner except coffee machine is owned by landlord (new ~ 5 yrs).

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ledyard Country Breakfast & Ice Cream

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

LCV2

APN/PARCEL ID

LEDY-000068-000530-000678

ASK ABOUT THIS PROPERTY

Julia UjvariWilliam Raveis Real Estate–More Info
860-480-6477

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Julia UjvariWilliam Raveis Real Estate–More Info
860-480-6477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.