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Lyons II 93 Elm St 6,897 SF 100% Leased Retail Building Old Saybrook, CT 06475 $1,734,762 CAD ($251.52 CAD/SF)
Investment Highlights
- Prime Location at Shopping Plaza Entrance
- Owner will leaseback the Restaurant (if desired)
- Dense Retail Trade Area
- 1,680± SF Turn-Key Restaurant
- 2 Apartments - 100% Leased
- High Traffic and Visibility
Executive Summary
RARE MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING - Prime Old Saybrook location - 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,897 SF
Building Class
C
Year Built
1950
Price
$1,734,762 CAD
Price Per SF
$251.52 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.45 AC
Zoning
B-2
Parking
16 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
1,000’ on Elm Street Frontage
Amenities
- Restaurant
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail Space Available- 2k approx space. $2,500 a month all included. The current use is a dining room for a restaurant - could be a office, retail store, consignment, restaurant, takeout, event space, smoke, and or salon. The Currey Queen will stay on the "takeout" side of the commercial spaces. Contact listing for showings- Tyler DeVecchis 860-966-9217
| Space | Size | Space Use | Position | Available |
| 2L | 2,000 SF | Retail | - | 30 Days |
2L
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
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2L
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Retail Space Available- 2k approx space. $2,500 a month all included. The current use is a dining room for a restaurant - could be a office, retail store, consignment, restaurant, takeout, event space, smoke, and or salon. The Currey Queen will stay on the "takeout" side of the commercial spaces. Contact listing for showings- Tyler DeVecchis 860-966-9217
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | OSAY-000036-000091 | Improvements Assessment | $492,207 CAD |
| Land Assessment | $248,297 CAD | Total Assessment | $740,504 CAD |
Property Taxes
Parcel Number
OSAY-000036-000091
Land Assessment
$248,297 CAD
Improvements Assessment
$492,207 CAD
Total Assessment
$740,504 CAD
1 of 107
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Lyons II | 93 Elm St
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