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678 Colonel Ledyard Hwy, Ledyard, 06339

Commercial/Investment - Investment, Residential Income, Retail, Other For Sale

$399,000

Beds
Baths
2,483Sqft
1.15Acres
1931Built
113DOM
MLS® #: 170382265
Active, 113 Days on Market

A great investment opportunity! Located on Colonel Ledyard Highway, this property is the beneficiary of a daily traffic count of roughly 5,000 vehicles per day and is highly visible from the road. The property currently generates a gross rental income of $43,200 annually. The property consists of one commercial space currently used as a restaurant and a two-family residence, for a total of 3 rentable units. All units are leased with long-term tenants in place and a great rental history. The restaurant offers multiple indoor and outdoor dining areas, serving stations, a full and well-equipped kitchen, two restrooms, and additional storage space. The two-family residence offers a 2 bedroom / 1 bathroom unit on the main floor and a 3 bedroom / 1 bathroom unit consisting of the 2nd and 3rd floors. Each unit has its own washer & dryer hookups. Electrical and heating have been upgraded and separated by unit. A new septic system is in place for the restaurant space. Truly a turnkey investment opportunity. Ask your agent for a comprehensive property information packet. Also listed as multifamily - MLS#170387131

Essential Information

MLS® #: 170382265
Price: $399,000
Bathrooms: 0.00
Square Footage: 2,483
Acres: 1.15
Year Built: 1931
Type: Commercial/Investment
Sub-Type: Investment, Residential Income, Retail, Other
Status: Active

Community Information

Address: 678 Colonel Ledyard Hwy
Area: N/A
City: Ledyard
County: New London
State: CT
Zip Code: 06339

Amenities

Utilities: Electric, Gas
Parking: Paved, Off Street Parking, Parking Lot
Garages: Paved, Off Street Parking, Parking Lot

Interior

Interior Features: Living Space Available, Public Restrooms
Heating: Baseboard, Oil
Cooling: Central Air, Window Unit

Exterior

Lot Description: Dry, Level Topography
Roof: Asphalt Shingle
Construction: Frame
Foundation: Concrete

Additional Information

Date Listed: April 6th, 2021
Days on Market: 113
Zoning: LCV2

Listing Details

Listing Agent: Kim K Casey
Listing Office: Seaport Real Estate Services

Financials

$/SqFt: $161

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Listing information last updated on July 30th, 2021 at 4:08am EDT.