93 Elm St - Restaurant FOR SALE


Old Saybrook, CT 06475
$1,360,000 USD
860-966-9217
93 Elm St, Old Saybrook, CT for Sale
$1,360,000 USD
Restaurant - FOR SALE
1/34
null | Request Cap Rate

93 Elm St
Old Saybrook, CT 06475


HIGHLIGHTS

  • VERSATILE MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING - PRIME OLD SAYBROOK LOCATION
  • a rare mixed-use property offering income stability, high visibility, and unmatched flexibility for both investors and owner-operators.
  • Positioned at the entrance to the busy Stop & Shop/Walmart Plaza and directly across from a brand-new 250+ unit apartment

OVERVIEW

VERSATILE MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING - PRIME OLD SAYBROOK LOCATION Welcome to 93 Elm Street, Old Saybrook - a rare mixed-use property offering income stability, high visibility, and unmatched flexibility for both investors and owner-operators. Positioned at the entrance to the busy Stop & Shop/Walmart Plaza and directly across from a brand-new 250+ unit apartment development, this property benefits from heavy traffic flow and excellent access just off the I-95 Elm Street exit. This well-maintained building is configured for multiple uses: - Two residential apartments, fully leased, with separate utilities and brand-new Navien heating systems, delivering steady rental income. - One private office space, ideal for professional use. - Two commercial units currently combined into one turnkey restaurant, featuring a full dining room, takeout counter, prep area, commercial kitchen, liquor license, new FF , ANSUL fire suppression system, walk-in cooler, multiple sinks, and ADA-compliant restrooms. The flexible layout can easily support dine-in, cafe, deli, or a new food concept. - Garage with conversion potential plus warehouse/storage space and a partially finished basement/cellar - offering additional functionality and expansion opportunities. Outside, the property boasts a newly paved lot with 16 parking spaces, a finished patio for out door dining, and a brand-new septic system for peace of mind

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lyons II

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

16

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

Tyler DeVecchisCentury 21 AllPoints RealtyMore Info
860-966-9217

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Tyler DeVecchisCentury 21 AllPoints RealtyMore Info
860-966-9217

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