More about this Property
If you are interested in more information or having a tour of this property with an experienced agent, please fill out this quick form and we will get back to you!
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
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.
GPS Friendly
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
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 |
Hot Water System
Heat Type:
Fueled By: Hot Air.
Cooling: None
Fuel Tank Location: In Basement
Water Service: Public Water Connected
Sewage System: Septic
Elementary: Per Board of Ed
Intermediate:
Middle:
High School: Per Board of Ed
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
List Agent Name: Julia Ujvari
List Office Name: William Raveis Real Estate