Coldwell Banker Realty
Hilary Reid, Coldwell Banker RealtyPhone: (860) 304-1259
Email: hilary.reid@cbmoves.com
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listing
1 of 31
CommercialFor Sale
$1,500,000
93 Elm Street
Old Saybrook, CT 06475
Courtesy of William Raveis Real Estate
MLS: Smart MLS
0Beds
2Baths
Est. Mortgage
$7,843/mo

VERSATILE MULTI-USE COMMERCIAL BUILDING IN PRIME DOWNTOWN LOCATION Exceptional opportunity in the heart of downtown! This strategically located mixed-use property at 93 Elm features fully leased residential apartments, a commercial office space (with potential bath), and a turnkey restaurant equipped for 40+ full dining and separate takeout operations. Additional amenities include a large garage (currently storage), basement, finished outdoor patio, and parking for 16 cars. Situated at the entrance of the Stop & Shop & Walmart Plaza, across from a new 250+ unit apartment complex, and just off the Elm Street exit from I-95, the property benefits from prime visibility, accessibility, and ample parking-major drivers for customer attraction. The two leased apartments generate steady income, each with separate utilities and modern systems. The available office space and convertible garage offer further income potential. The restaurant includes a liquor license, prep room, walk-in cooler, and storage, and can function as a single or dual business. There's space for a deli or quick-service lunch spot in the takeout area, with full-service dining possible in the evenings. This property offers diverse investment or owner/operator opportunities, immediate cash flow, and long-term appreciation.

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Information courtesy of William Raveis Real Estate is subject to verification and is not guaranteed. Listing Data Last Updated 07/22/2025 11:32 PM
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