1. Connecticut
  2. Old Saybrook
  3. 93 Elm Street
$1,350,000

93 Elm Street, Old Saybrook, CT 06475

  • 2 baths |
  • 6,897 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

VERSATILE MULTI-USE COMMERCIAL BUILDING IN PRIME DOWNTOWN LOCATION Located at 93 Elm Street in Old Saybrook, this prime mixed-use property offers strong income, high visibility, and flexible commercial space-ideal for investors or owner-operators. Positioned at the entrance to the busy Stop & Shop/Walmart Plaza and across from a new 250+ unit apartment complex, it enjoys excellent accessibility just off the I-95 Elm Street exit. The property features two fully leased apartments with separate utilities and new Navien heating systems, generating steady rental income. The turnkey restaurant includes a liquor license, new FF&E, ANSUL fire suppression system, walk-in cooler, multiple sinks, ADA-compliant bathrooms, and seating for 40+. Its flexible layout supports both dine-in and takeout operations, perfect for a cafe, deli, or full-service concept. Additional highlights include a private office, commercial space with bath potential, partially finished basement, warehouse/storage areas, and a large garage with conversion potential. A newly paved lot offers parking for 16 cars, and a finished patio expands outdoor dining options. A new septic system adds peace of mind. Whether you're seeking a flagship location, a mixed-use investment, or room to grow your vision, 93 Elm delivers turnkey income and long-term potential in a thriving commercial hub.

Listing Status:
Active
Date Added:
July 17, 2025 at 10:46PM
Listing Office:
William Raveis Real Estate : (860) 388-3936
Listing Agent:
Joe Wren : (860) 202-0693
MLS ID:
24111166
  • General: Fire Suppression SystemLiving Space AvailablePublic RestroomsWindow Display
  • Flooring: VinylWall-to-Wall Carpet
  • A/C: Central AirSplit System
  • Heating: Hot AirGas In Street

This listing courtesy of Joe Wren, William Raveis Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kathleen E. Goodwin School

80 Old Boston Post Rd, Old Saybrook, CT, 06475

Grades PK-6

0.66 miles away

O

Old Saybrook Middle School

60 Sheffield St, Old Saybrook, CT, 06475

Grades 5-8

0.70 miles away

O

Old Saybrook Senior High School

1111 Boston Post Rd, Old Saybrook, CT, 06475

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.