Additional details

Tiffany Jacquier

tiffanyjacquier@gmail.com +1(413) 530-0305

$1,050,000

Est. payment - /mo

2 Baths

6,897 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 6,897 sqft

Price per Sqft $152

MLS Listing ID 24167568

Full Baths 2

Year Built 1950

Annual Tax Amount $8,517

Lot Size 0.450 Acres

Property Description

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.

Location

State CT

County Middlesex

Zoning B-2

Interior

Interior Features Fire Suppression System, Public Restrooms

Heating Hot Air

Cooling Central Air, Split System

Flooring Concrete

Exterior

Exterior Feature Storage Building, Gutters, Pole Sign

Parking Features Paved, Parking Lot

Utilities Available Electric, Gas, Telephone, Cable

Roof Type Asphalt Shingle,Fiberglass Shingle

Building

Lot Description Corner Lot

Foundation Concrete

Sewer Septic

Water Public Water Connected

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Listed by Tyler DeVecchis • Century 21 AllPoints Realty

Nearby School & Business

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Tiffany Jacquier

+1(413) 530-0305

Broker License ID: 9530613, 0790302

93 Elm Street Old Saybrook, CT 06475

Tiffany Jacquier

Key Details

Location

Interior

Exterior

Building

Nearby School & Business

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