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    254 Main St Old Saybrook, CT 06475

    Under Contract
    For Sale
    $499,900

    Business For Sale - Old Saybrook, CT

    Days on Market:
    21
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 254 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    999999999
    Interior features
    Window Display

    Taxes and HOA fees

    Expense value
    400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Architectural style
    Other

    RE/MAX VALLEY SHORE (860) 388-1228 [email protected]

    Listing agent Cheryl Cook (860) 388-1228

    Listing date Nov 23, 2025

    MLS# 24113319 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant Opportunity For Sale

    The Rabbit Hole, a well-established and fully operational restaurant and bar in Old Saybrook, Connecticut, is available for purchase. This turn-key business has served the shoreline community for over 16 years and is known for its award-winning food and beverages, welcoming atmosphere, and outstanding service. The restaurant has seating for 10 at the bar and over 40 at tables, with additional seasonal outdoor seating. The Rabbit Hole enjoys a strong customer base, excellent reputation, and steady year-round traffic. The business is located in a high-visibility, high-traffic area on Main Street in Old Saybrook. The well-maintained bar and restaurant interior features modern updates. All furniture, fixtures, and equipment are included in the sale. Ample on-site parking is available on Main Street and in the rear off-street. This is an opportunity to own a proven business in one of the shoreline's most vibrant communities.
    Location Intelligence

    Current Use by Public Records

    Jack Rabbit's Burgers, ... Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Saybrook Catering Company

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.3755465
    Latitude
    41.2913224

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant and bar in Old Saybrook, Connecticut for sale.
    Where is this restaurant located?
    The property is located at 254 Main St Old Saybrook, CT.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Turn-key, fully operational restaurant and bar with a 16+ year history; - Strong local brand recognition, loyal customer base, and excellent reputation; - Prime, high-visibility location on Main Street in Old Saybrook
    (860) 388-1228
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    254 Main St Old Saybrook, CT 06475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    254 Main St Old Saybrook, CT 06475
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