93 Elm Street, Old Saybrook, CT 06475

sale $1,050,000 | Commercial-Other

Listed By CENTURY 21 AllPoints Realty

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.

Corner Lot

Property Features

Additional MLS: 24167568
Age: Over 50 Years Old
Building Area: 6897.00 SF
Cross Docks: N
For Auction: N
Full Bathrooms: 2
Location Name: 93 Elm St , 354
Lot Description: Corner
Lot Size In Text: 19602 Sq. Ft.
MLSID: 24167568
Parking Places: 16
Price Per Area: 0.00
Price Upon Request: N
Roof: Fiberglass
Sewer: Septic
Style: Other Style
Sublease: N
Taxes: $8372.00
Water: City Water
Year Built: 1950
Zoning: B-2