REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 580,000
Est. payment /mo
Price Dropped by $5K
678 Colonel Ledyard Highway Ledyard, CT 06339
5 Baths
4,363 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,363 sqft
Price per Sqft $132
MLS Listing ID 24109559
Full Baths 2
Half Baths 3
Year Built 1931
Annual Tax Amount $10,891
Lot Size 1.150 Acres
Property Description
Investor Alert: Prime Mixed-Use Opportunity in the Heart of Ledyard! Welcome to 678 Colonel Ledyard Highway-a high-performing, fully occupied property offering a rare combination of residential and commercial income streams, all on one lot and just minutes from Ledyard Center. With $5,900/month in current rental income and value-add potential, this property is a standout addition to any investor's portfolio. The commercial building is home to a well-established, thriving diner that draws steady local traffic. Inside, you'll find three distinct dining areas with inviting electric fireplaces, three bathrooms, and a fully updated commercial kitchen featuring all new equipment including a Precision HD gas stove, griddle, fryers, hoods, an ice cream freezer, + more. The space also includes a freshly painted deck and charming outdoor areas. Upstairs, a partially finished space offers serious upside-perfect for potential expansion or conversion into additional rental or storage income. With ample on-site parking and a newly installed sidewalk connecting directly to Ledyard Center, this location offers excellent visibility and walkability for continued business growth. The two-family home includes a 2-bedroom, 1-bath unit on the lower level and a spacious 4-bedroom, 1-bath unit above-both fully leased with generous parking. Recent capital improvements include a new driveway (2022), new siding and gutters (2022), a new deck (2024), a patio (2022), and a new shed (2024). Both oil tank
Location
State CT
County New London
Zoning LCV2
Interior
Heating Hot Air
Cooling None
Flooring Wall-to-Wall Carpet
Exterior
Exterior Feature Sidewalk
Utilities Available None/Unknown
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Slab
Sewer Septic
Water Public Water Connected
Listed by Julia Ujvari • William Raveis Real Estate
