37 days on market
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678 Colonel Ledyard Highway, Ledyard CT 06339

Current Price: $585,000

6 beds 4 baths 4363 sq. ft

Last Update: 8/21/2025

Property Type: Multi-Family For Sale

Public Remarks

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 investors portfolio. The commercial building is home to a well-established, thriving diner that draws steady local traffic. Inside, youll 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

are approximately one year old, and the hot water heaters were replaced around 2019, reducing your near-term maintenance exposure. Whether youre looking to stabilize and hold or enhance cash flow through strategic improvements, this property checks all the boxes: strong in-place income, great location, significant upgrades, and room for future growth. Dont miss this chance to own a rare mixed-use gem in Ledyard-schedule your private tour today and start capitalizing on this exceptional investment opportunity.

Map to Property at 678 Colonel Ledyard Highway, Ledyard CT 06339


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Residential Property Information for 678 Colonel Ledyard Highway, Ledyard CT 06339

MLS #: 24109511

Style: Units on different Floors

Color:

Total Rooms:

Bedrooms: 6

Bathrooms: 4

Acres: 1.15

Year Built: 1931 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $10,891

Zoning: LCV2

Mil Rate:

Assessed Value: $293,230 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 4363; below grade sq feet total is ; total sq ft is 4363

Features
Laundry Location & Info: All Units Have Hook-Ups 
Fireplaces: 1
Basement Desc.: Full,Unfinished
Exterior Siding: Vinyl Siding
Exterior Features: Sidewalk,Shed,Deck,Gutters
Foundation: Stone
Roof: Asphalt Shingle
Parking Spaces: 0
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Nearby Amenities: Lake,Library,Park,Shopping/Mall
Occupied: Tenant
Utility Information

Hot Water System

Heat Type:

Fueled By: Hot Air.

Cooling: None

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Septic

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $585,000

Original List Price: $585,000

DOM: 37

Listing Date: 7/7/2025

Last Updated: 7/15/2025 4:05:02 AM

Expected Active Date: 7/15/2025

Listing Agent and Broker

List Agent Name: Julia Ujvari

List Office Name: William Raveis Real Estate