678 Colonel Ledyard Hwy
Ledyard, CT 06339
6 Beds
3 Baths
4,363 sqft (on 1.15 acres)
6 Beds
3 Baths
4,363 sqft
(on 1.15 acres)
Local Information
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Description
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
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Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 678 Colonel Ledyard Hwy
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Heating & Cooling Heating: Forced AirHeating Fuel: Forced Air |
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Year Built Year Built: 1931 |
Property Type / Style Property Type: Multi Family |
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Lot Area: 0.00 Acres |
Price History for 678 Colonel Ledyard Hwy
| Date | Price | Event | Source |
|---|---|---|---|
| 10/24/2025 | $580,000 | Pending | Smart MLS #24109511 |
| 10/06/2025 | $580,000 | PriceChange | Smart MLS #24109511 |
| 07/15/2025 | $585,000 | Listed For Sale | Smart MLS #24109511 |
| 04/06/2022 | $390,000 | Sold | N/A |
| 02/18/2022 | $399,000 | Contingent | Smart MLS #170465260 |
| 02/07/2022 | $399,000 | Listed For Sale | Smart MLS #170465260 |
| 02/04/2022 | ListingRemoved | Smart MLS #170387131 | |
| 04/06/2021 | $399,000 | Listed For Sale | Smart MLS #170387131 |
| 08/17/2020 | $399,000 | ListingRemoved | Agent Provided |
| 07/11/2019 | $399,000 | PriceChange | Agent Provided |
| 11/19/2018 | $435,000 | Listed For Sale | Agent Provided |
| 06/01/1988 | $195,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $11,134 |
| Assessment | $293,230 |
Home facts updated by county records
Comparable Sales for 678 Colonel Ledyard Hwy
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
2.65 | Multi-Family Home | $350,000 | 07/07/25 | 4 | 2 | 1,900 | |
2.67 | Multi-Family Home | $350,000 | 07/07/25 | 4 | 2 | 1,900 | |
3.87 | Multi-Family Home | $400,000 | 04/29/26 | 4 | 4 | 1,622 | |
4.71 | Multi-Family Home | $475,000 | 10/29/25 | 4 | 3 | 2,260 | |
4.49 | Multi-Family Home | $515,000 | 08/01/25 | 2 | 2 | 1,236 | |
5.14 | Multi-Family Home | $460,000 | 06/25/25 | 5 | 2 | 3,124 | |
5.04 | Multi-Family Home | $210,000 | 02/09/26 | 4 | 2 | 2,475 | |
5.69 | Multi-Family Home | $440,000 | 05/27/25 | 6 | 5 | 3,264 | |
5.98 | Multi-Family Home | $280,000 | 02/13/26 | 5 | 2.5 | 1,832 | |
6.48 | Multi-Family Home | $382,000 | 12/30/25 | 5 | 3 | 2,646 |
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Assigned Schools
These are the assigned schools for 678 Colonel Ledyard Hwy.
- Ledyard Center School
- K-6
- Public
- 374 Students
NAGreatSchools RatingParent Rating AverageBeing a military family, we have had exposure to different school systems in different states. This school, while it outperforms some of its equals in other districts in the area, is stuck in the dark ages. The website is useless, the communication is poor, and the principle doesn't follow up when warranted. In order to find out your assigned teachers you literally have to drive to the school to read a list posted on a window. The testing results at the lower levels are left to the interpretation of the teacher. One teacher we had last year was in a career track program so there was a substitute for literally 1/3 of the year. It was rediculous. While it is the lesser of the evils when it comes to the Groton district or especially New London, it is by no means a 7 when compared to say, a Virginia lvl 7 school. It's really, just ok.Student Review10y ago - Ledyard High School
- 9-12
- Public
- 743 Students
5/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Ledyard Middle School
- 6-8
- Public
- 534 Students
5/10GreatSchools RatingParent Rating Average3 out of 5 stars. One star for extracurricular activities and one star for guidance. Other then that I can assure you that the public schools are failing under this corrupted common core system. Also, forget about special education because it is poorly managed. Left this school because of staff performance.Other Review7y ago 
Check out schools near 678 Colonel Ledyard Hwy.
What Locals Say about Ledyard
At least 70 Trulia users voted on each feature.
96 % Say car is needed
90 % Say parking is easy
87 % Say there's wildlife
81 % Say yards are well-kept
79 % Say it's dog friendly
74 % Say there's holiday spirit
72 % Say people would walk alone at night
69 % Say kids play outside
66 % Say it's quiet
63 % Say neighbors are friendly
39 % Say they plan to stay for at least 5 years
25 % Say there are community events
17 % Say it's walkable to restaurants
17 % Say it's walkable to grocery stores
16 % Say there are sidewalks
13 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
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Off Market Homes Near 678 Colonel Ledyard Hwy
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678 Colonel Ledyard Hwy, Ledyard, CT 06339 is a 6 bedroom, 4 bathroom, 4,363 sqft multi-family built in 1931. This property is not currently available for sale. 678 Colonel Ledyard Hwy was last sold on Apr 6, 2022 for $390,000 (33% lower than the asking price of $580,000). The current Trulia Estimate for 678 Colonel Ledyard Hwy is $745,500.