678 Colonel Ledyard Hwy Ledyard, CT 06339
Estimated payment $4,111/month
Highlights
- Deck
- 1 Fireplace
- Property is near shops
- Attic
- Shed
- 5-minute walk to Ledyard Parks & Recreation
About This Home
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,891
Year Built
- Built in 1931
Lot Details
- 1.15 Acre Lot
- Level Lot
Parking
- Parking Deck
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 4,363 Sq Ft Home
- 1 Fireplace
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
Attic
- Partially Finished Attic
- Attic or Crawl Hatchway Insulated
Outdoor Features
- Deck
- Shed
- Rain Gutters
Location
- Property is near shops
Utilities
- Heating System Uses Oil
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1511400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,891 | $293,230 | $66,080 | $227,150 |
| 2024 | $10,325 | $293,230 | $66,080 | $227,150 |
| 2023 | $10,134 | $293,230 | $66,080 | $227,150 |
| 2022 | $9,917 | $293,230 | $66,080 | $227,150 |
| 2021 | $9,853 | $293,230 | $66,080 | $227,150 |
| 2020 | $9,072 | $259,420 | $63,700 | $195,720 |
| 2019 | $9,095 | $259,420 | $63,700 | $195,720 |
| 2018 | $8,896 | $259,420 | $63,700 | $195,720 |
| 2017 | $8,442 | $259,420 | $63,700 | $195,720 |
| 2016 | $8,275 | $259,420 | $63,700 | $195,720 |
| 2015 | $7,886 | $259,420 | $63,700 | $195,720 |
| 2014 | $8,078 | $265,720 | $64,960 | $200,760 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $585,000 | 0.0% | $134 / Sq Ft |
| 03/08/2024 03/08/24 | Rented | $2,000 | +11.1% | -- |
| 02/26/2024 02/26/24 | For Rent | $1,800 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $390,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $220,000 | -- | |
| Deed | $195,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $80,000 | Commercial | |
| Previous Owner | $156,000 | No Value Available |
Source: SmartMLS
MLS Number: 24109511
APN: LEDY-000068-000530-000678
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