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.
Off market
Zestimate®
$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
What's special
Zillow last checked: 8 hours ago
Source: William Raveis Real Estate, Mortgage & Insurance,MLS#: 24109511
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
Sell with ease on Zillow
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$562,400
2% more+$11,248
With Zillow Showcase(estimated)$573,648