224 Shore Road Old Lyme, CT $ 1,250,000
224 Shore Road
$ 1,250,000
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224 Shore Road

Old Lyme, CT, 06371
$ 1,250,000
Bedrooms-- Baths2.0 Sq 1,698

Monthly Estimate*

$ 7,798

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Commercial Property for sale in Old Lyme, CT

for $1,250,000 with 2 full baths. This 1,698 square foot building was built in 1928 on a lot size of 1.7.

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money! Buyer/Buyer's agent to do due diligence. Permits are valid for 9 years with an option to extend past that an additional 5 years. See also Multifamily MLS# 24125637

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Commercial Active

Price

$ 1,250,000

Full Bath

2

Property Type

Commercial

Taxes

$ 3,225

Style

Lot Size

1.7

Year Built

1928

Town/City

Old Lyme

MLS | Web ID

24124118

Features
General
Zoning C-30
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Location Highway Access Other
Property Type Commercial For Sale
Status Active
Acres 1.7
Directions GPS friendly
City Old Lyme
Sq Ft Total 1698
DOM 32
Year Built 1928
Present Use multi family rental approx $3400/mo
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Interior
Utilities Available Electric Available Phone Available Cable Available
Cooling System None
Total Number of Units 2
Flooring Vinyl
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description Some Wetlands Level Lot Cleared
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* Excluded Features
List By
Jodi Serapilia

Listing Agent

William Raveis Real Estate

Broker

jodi.serapilia@raveis.com

Email

Affordability Calculator

$8,067
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,798
Monthly Property Taxes
$269
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/5/2025$1,250,000 Listed Price

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224 Shore Road, Old Lyme, CT, 06371 is a Commercial Property for sale at $1,250,000 with 1,698 sqft and a lot size of 1.7. 224 Shore Road has 2.0 baths and was built in 1928. The property's zip code is 06371 which is in Old Lyme, CT