93 Elm St - Restaurant FOR SALE


Old Saybrook, CT 06475
$1,500,000 USD
860-388-3936
93 Elm St, Old Saybrook, CT for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

93 Elm St
Old Saybrook, CT 06475


HIGHLIGHTS

  • Heavy Daytime Traffic
  • Multi use Property with Residential Rental Income
  • New and fully equipped commercial kitchen

OVERVIEW

Dynamic Mixed-Use Investment Opportunity with Prime Visibility and Turnkey Restaurant Located at 93 Elm Street, Old Saybrook, this exceptional mixed-use property offers a rare combination of immediate income, high-traffic exposure, and flexible commercial space—perfect for investors or owner-operators. Positioned at the entrance of the bustling Stop & Shop/Walmart Plaza and directly across from a new 250+ unit apartment complex, the property enjoys unmatched accessibility just off the I-95 Elm Street exit. This prime location with high visibility and accessibility plays a pivotol role in customer draw. The fully leased residential component includes two updated apartments in excellent condition with separate utilities and new Navien heating systems, generating steady rental income. The commercial portion features a turnkey restaurant with a liquor license, new FF&E, ANSUL fire suppression system, walk-in cooler, multiple sinks, ADA-compliant bathrooms, seating for 40+, and a versatile layout that supports both dine-in and separate takeout operations—ideal for a deli, café, or quick-service concept by day and full-service dining at night. Additional features include a private office, commercial space with bath potential, partially finished basement, multiple storage/warehouse areas, and a large garage with conversion potential. Outside, a newly paved parking lot accommodates 16 vehicles, and a finished patio expands dining or event options. A brand-new septic system adds operational peace of mind. Whether you're looking to establish a flagship restaurant, retail or professional office, or capitalize on a cash-flowing mixed-use asset, 93 Elm delivers flexibility, functionality, and long-term growth potential in one of the area's most visible and active corridors.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

93 Elm St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

B-2

APN/PARCEL ID

OSAY-000036-000091

ASK ABOUT THIS PROPERTY

Lisa FeketeWilliam RaveisMore Info
860-388-3936

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Lisa FeketeWilliam RaveisMore Info
860-388-3936

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