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678 Colonel Ledyard Hwy, Ledyard, 06339

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

$399,000

Beds
Baths
2,483Sqft
1.15Acres
1931Built
16DOM
MLS® #: 170382265
Active, 16 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, Other, Residential Income, Retail
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: 16
Zoning: LCV2

Listing Details

Listing Office: Seaport Real Estate Services

Financials

$/SqFt: $161

©2021 Listings courtesy of the Connecticut Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing data is deemed reliable but is not guaranteed accurate by the MLS.