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Off market
  • $562,400

    678 Colonel Ledyard Hwy, Ledyard, CT 06339

    6beds
    4,363sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $562,400 Zestimate®
    $129/sqft
    $1,758 Estimated rent

    Owner options

    List your home for rent

    $1,758/mo

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    $1,758/mo

    Rent Zestimate®

    Refinance and save

    $3,706/mo

    Est. payment

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    $3,706/mo

    Est. payment

    What's special

    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 are approximately one year old, and the hot water heaters were replaced around 2019, reducing your near-term maintenance exposure. Whether you're 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. Don't 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.

    Zillow last checked: 8 hours ago

    Source: William Raveis Real Estate, Mortgage & Insurance,MLS#: 24109511MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Yes
    Interior area
    • Total structure area: 4,363
    • Total interior livable area: 4,363 sqft

    Property

    Lot
    • Size: 1.15 Acres
    Details
    • Parcel number: LEDYM68B530L678

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1931

    Community & neighborhood

    Location
    • Region: Ledyard
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    $562,400
    2% more+$11,248
    With Zillow Showcase(estimated)$573,648