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$ 585,000
Est. payment /mo
Active
678 Colonel Ledyard Highway Ledyard, CT 06339
6 Beds
4 Baths
4,363 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,363 sqft
Price per Sqft $134
MLS Listing ID 24109511
Style Units on different Floors
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1931
Annual Tax Amount $10,891
Lot Size 1.150 Acres
Property Sub-Type 2 Family
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
Rooms
Basement Full, Unfinished
Interior
Heating Hot Air
Cooling None
Fireplaces Number 1
Exterior
Exterior Feature Sidewalk, Shed, Deck, Gutters
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Julia Ujvari • William Raveis Real Estate