Mixed-Use Restaurant
For Lease
$21 SF/Yr
93 Elm Street, Old Saybrook, CT 06475
Includes leased apartments, private office space, and a fully equipped restaurant with patio and on-site parking.
Space SizeContact for details
Days on Market124
Property Features for 93 Elm Street
General Information
Standard status
Active
Total Parking Spaces
16
Zoning
B-2
Additional Details
Space Use
Restaurant
Highway Access
Yes
Patio
Yes
Building Details
Year Built
1950
Listing Agency:
Lyman Real Estate
Listed By:
Ron Lyman · License #REB.0751794
(860) 887-5000
Source:
Capmarkrealty
Added: Jun 4
Changed: Sep 10
Last Checked: Oct 4 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyman Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines two residential apartments, a private office, and two commercial units configured as a restaurant. The apartments are fully leased, have separate utilities, and include brand-new Navien heating systems. The commercial area includes a dining room, takeout area, prep space, commercial kitchen, walk-in cooler, multiple sinks, liquor license, new FF&E, ANSUL fire suppression, and ADA-compliant restrooms. A garage, warehouse and storage areas, and a partially finished basement/cellar add functional space. The site also includes a newly paved parking lot with 16 spaces and a finished outdoor patio.
The property is positioned at the entrance to the Stop & Shop/Walmart Plaza and across from a newly developed 250+ unit apartment community. Access to I-95 is available via the Elm Street exit. The layout may support reconfiguration for additional residential units, expanded retail space, or alternate residential or commercial use, subject to approvals.
The property is positioned at the entrance to the Stop & Shop/Walmart Plaza and across from a newly developed 250+ unit apartment community. Access to I-95 is available via the Elm Street exit. The layout may support reconfiguration for additional residential units, expanded retail space, or alternate residential or commercial use, subject to approvals.
Key Highlights
- Two fully leased residential apartments with separate utilities and brand‑new Navien heating systems
- Two commercial units combined into a restaurant with dining, takeout, prep, and kitchen areas
- Commercial equipment includes new FF&E, walk‑in cooler, ANSUL system, liquor license, and ADA‑compliant restrooms
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 06475, CT
10,481
Population
5,983
Households
1.8
Avg Household Size
55
Median Age
57%
College-Educated
97%
High-School Grad
15.1 sq mi
ZIP Area
694
Density / Sq Mi
$119,500
Median Household Income
$55,081
Median Earnings
$1,823
Median Rent
$479,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes leased apartments, private office space, and a fully equipped restaurant with patio and on-site parking.
Where is this mixed-use property located?
The property is located at 93 Elm Street Old Saybrook, CT.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Two fully leased residential apartments with separate utilities and brand‑new Navien heating systems; Two commercial units combined into a restaurant with dining, takeout, prep, and kitchen areas; Commercial equipment includes new FF&E, walk‑in cooler, ANSUL system, liquor license, and ADA‑compliant restrooms
