93 Elm St, Old Saybrook, CT

Name: 93 Elm St, For Rent in Old Saybrook - Zoocasa
Brand: Century 21 AllPoints Realty
SKU: 24167568
Price: 1050000 USD

House

For Rent

Listed price in listed location currency (USD).

$1,050,000

0216

MLS® 24167568

Overview

Key Facts

Type

Levels Commercial Lease

Size -

Garage

Date Available

Days Active 3

Lot Size

Approx. Age 1950

MLS® Number 24167568

Property Address: 93 Elm St, Old Saybrook, CT, 06475-4142

Average square foot calculated using Size range provided by listing agent.

Description

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., VALUE-ADD & DEVELOPMENT UPSIDE: This property presents a compelling opportunity for expansion and repositioning. With favorable layout and strong location fundamentals, there is potential to increase density and reconfigure the asset into additional residential units, expand retail footprint, or convert to a fully residential or fully commercial use (subject to approvals). Ideal for owner-operators seeking to establish or relocate a business such as a restaurant, cafe, salon, furniture showroom, or smoke shop.

MLS® Number24167568

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1950

Basement

DrivewayPaved, Parking Lot

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Leased YetSold Price

For Rent

Apr 16, 2026List Date

$1,050,000List Price

Map

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