93 Elm Street

About Property

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.
Listed by Century 21 AllPoints Realty, Tyler DeVecchis. Data sourced from SmartMLS