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$499,900
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Property Description
Turn-Key Restaurant Opportunity - The Rabbit Hole, Old Saybrook is a well-established and fully operational restaurant and bar, The Rabbit Hole, proudly serving the Old Saybrook and shoreline community for over 16 years. This turn-key business is a local favorite and premier destination, known for its award-winning food and beverages, welcoming atmosphere, and outstanding service. With seating for 10 at the bar and over 40 at tables, plus additional seasonal outdoor seating, the space is perfectly designed for both casual diners and sports enthusiasts alike. The Rabbit Hole enjoys a strong customer base, excellent reputation, and steady year-round traffic. See disclosure for complete list of property conveyed with the sale. Don't miss this rare opportunity to own a proven business in one of the shoreline's most vibrant communities. Highlights include: * Strong local brand recognition and loyal customer base * Prime location in a high-visibility, high-traffic area located on Main Street Old Saybrook * Well-maintained bar/restaurant interior with modern updates * All FF&E (furniture, fixtures & equipment) included in sale * Ample on-site parking (on Main Street and rear off street parking) See disclosures for a complete list of equipment and property included with the sale. Whether you're an experienced operator or an entrepreneur looking to step into a profitable business, this is a must-see opportunity. Schedule a confidential showing today.
Full Property Details
Full Property Details for 254 Main St
General
- Price: $499,900
- HOA FEE: $33/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Business
- Source: SMARTMLS
- MLS ID: 24113319
- Updated: 2/27/2026
- Added to Site: 226 day(s) ago
Business
- Name: Rabbit Hole LLC
- Year Established: 16
- Inventory Included: 1
- Seating Capacity: 60
Interior
- Interior Features: Window Display
- Flooring: Vinyl
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Equipment Included: Yes
Parking
- Uncovered Spaces: 50
Location
- County: Middlesex
- Driving Directions: Main Street
Community
- Association: Yes
- Home Owners Assn.: 1
Heating & Cooling
- Cooling Type: Central Air, Split System
- Heating Type: Gas on Gas
Utilities
- Sewer: Septic
- Water: Public Water Connected
- Utility Description: Electric
Structural Information
- Ceiling Height: 11
- Stories/Levels: 1
- Stories in Building: 1
- Current Bldg. Use: Resturant and Bar
Lot Features
- Frontage: Municipal Street
- Present Use: Resturant and Bar
Financial Considerations
- Association Fee: $400
- Assoc Fee Freq.: Annually
- Tenant Pays: All Utilities, Credit Check, Liability Insurance, Maintenance/Repairs, Mechanicals, Real Estate Taxes, Snow Removal, Trash Service, Water
Disclosures and Reports
- Property ID: 999999999
Listed by Re/Max Valley Shore, Cheryl Cook
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Schools
Schools serving 254 Main St
School District:Old Saybrook School District
| Name | Grades | Distance |
|---|---|---|
Old Saybrook Middle School 60 Sheffield Street, Old Saybrook, CT 06475 | 4-8 | 0.3 mi |
Kathleen E. Goodwin School 80 Old Boston Post Road, Old Saybrook, CT 06475 | PK-3 | 0.5 mi |
Old Saybrook Senior High School 1111 Boston Post Road, Old Saybrook, CT 06475 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 254 Main St
Date
Details
Price
Change
Source
8/26/2025
Price Reduced
$499,900
-33.35%
MLS
7/22/2025
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 254 Main St
254 Main Street, Old Saybrook, CT 06475 (MLS# 24113319) is a Business property. 254 Main Street is currently listed for $499,900 and was received on July 22, 2025. Want to learn more about 254 Main Street? Do you have questions about finding other Business real estate for sale in Old Saybrook? You can browse all Old Saybrook real estate or contact a Coldwell Banker agent to request more information.

