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.
Investment Opportunity Zoned for 2 businesses office/retail strictly no food. Place your business on side and lease the other side. Features a rear office with a kitchen area, hardwood floors, and skylights. The finished basement offers additional storage space. Recent updates include newer front windows. An outdoor shed at the rear provides extra storage along with additional parking. Property also includes deeded rights to Oyster River. Current tenant is in place.
This sale includes two commercial office units (Units 1300 and 1400), offering a combined total of approximately 2,400 square feet across two floors. Unit 1300 is a first-floor unit, while Unit 1400 is located on the second floor. Well-maintained and updated, this bright, professional space spans both levels, each featuring brand-new flooring, private restrooms, and a clean, turnkey feel throughout. The layout lends itself well to professional offices, medical or wellness services, creative studios, or a variety of commercial uses. Conveniently located near the center of town yet tucked away for added privacy, the property offers plenty of off-street parking and a quiet, productive setting. An ideal opportunity for investors seeking stable income or business owners looking to secure their own space while offsetting expenses with an in-place tenant.
Clean, updated office space featuring approximately 1,200 square feet across two levels, plus a lower-level basement ideal for storage. This bright, professional unit offers brand-new flooring throughout, two restrooms, and plenty of off-street parking. Conveniently located near the center of town yet tucked away for added privacy-ideal for a quiet and productive work environment. A great fit for professional offices, wellness services, or other commercial uses seeking a well-maintained and accessible location. Also for sale is unit 13 MLS #24138052 and unit 14 MLS #24138054. These spaces can be combined for a total of 3600 square feet.
ALSO FOR LEASE $3,000/month NNN Property Overview: Building Size: 4,157 SF (Three Stories) Lot Size: 0.23 Acres Zoning: B-2 (General Business District) Heating & Cooling: Oil Heat, Window A/C Units Access: Multiple ground-floor entrances Key Highlights: -High-visibility corner location at a traffic light Directly across from CVS and a Ford dealership -Located on busy Route 1 near Main Street -Just 0.5 miles from I-95 on/off ramp Traffic Count: 21,000 vehicles per day (ADT) -This is a strong retail or office opportunity in a high-traffic area with excellent visibility and accessibility. Ideal for businesses seeking a presence on a major commercial corridor.
This property, which has been on the market for a while, due to a prior contract, environmental reviews, and remediation-are all now resolved. Connecticut Department of Energy and Environmental Protection (DEEP) has issued a "No Further Action" letter, confirming all remediation is complete (see brochure for documentation). Gas station and repair facility for sale in B-2 Zoned location. 6 Gas tanks were removed by seller in July 2019: 3 gas (3,000 gal each), 1 diesel (3,000 gal), 1 waste oil (550 gal), 1 fuel oil (550 gal). Clean environmental report. Building # 1 = 1856 SF with 3 bay overhead doors, Ceiling height: 12 Ft. Building #2 (rear) = 2,400 SF with 2 overhead doors, Ceiling height: 18 Ft. Acres: 0.51. Heating: oil & waste oil / hot air. Taxes: $10,831. Items remaining: compressors, sign, storage containers, canopy, POS terminal, furniture, kerosene pump/tank, heaters. 200 amp electric service for both. Well & septic. City water available. Frontage: 100 Ft. Traffic Count: 14,100. Next to intersection to Main Street & Old Saybrook Shopping Center. Abuts Burger King. Up the street from the train station.
Old Saybrook is located in Connecticut. Old Saybrook, Connecticut has a population of 10,506. Old Saybrook is less family-centric than the surrounding county with 21.55% of the households containing married families with children. The county average for households married with children is 27.85%.
The median household income in Old Saybrook, Connecticut is $95,795. The median household income for the surrounding county is $90,833 compared to the national median of $69,021. The median age of people living in Old Saybrook is 56.1 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.8 inches per year, with 25.9 inches of snow per year.
