284 Shore Road Old Lyme, CT $ 375,000
284 Shore Road
$ 375,000
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284 Shore Road

Old Lyme, CT, 06371
$ 375,000
Bedrooms-- Baths1.0

Monthly Estimate*

$ 2,340

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Commercial Property for sale in Old Lyme, CT

for $375,000 with 1 full bath. This building was built in 1947 on a lot size of 0.14.

"OPPORTUNITY ENTERPRISE" @ 284 Shore Road" Welcome to the ULTIMATE COASTAL ASSET! Private Boat Mooring Opportunity, High Traffic & 7,200 Car Count! This is an amazing, unique mixed-use building at 284 Shore Road, offering immediate income potential and a spectacular lifestyle. It's situated directly across from the town's main public beach road and includes a rare, private boat mooring opportunity steps away! The newer roof minimizes upfront stress. The commercial space is a ready-to-refine asset: a permitted 16-seat pizza/takeout restaurant where ALL commercial equipment is included (ovens, refrigeration, coolers). This means massive immediate cost savings on startup equipment. While slight improvements are needed, the costly infrastructure and separate utilities are golden. Location is a profit engine: Guaranteed clientele from 7,200 daily car counts and constant foot traffic generated directly opposite the only gas station on this side of town. The upstairs 3-bedroom apartment is partially cleared for immediate, value-add renovation, boasting an enclosed porch and walk-up attic with 2 entrances. Features include ample parking, a newer 350 sq ft paver patio for outdoor seating, and a flexible side/backyard. Though the units and grounds need investment, the strong potential for a lucrative two-family conversion under CT-830G (current septic in place) makes this the final, perfect investment. Don't forget "When opportunity knocks, you take it!" Also listed as Residential MLS# Also listed as Residential MLS#24134499

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Commercial Contingent

Price

$ 375,000

Full Bath

1

Property Type

Commercial

Taxes

$ 4,001

Style

Lot Size

0.14

Year Built

1947

Town/City

Old Lyme

MLS | Web ID

24134251

Features
General
Zoning C-10
Neighborhood Sound View
County New London
Tax Year July 2025-June 2026
Location Rural Retail Corridor
Property Type Commercial For Sale
Status Under Contract
Acres 0.14
Directions I-95 to Old Lyme Exit 71 From Southbound - Left onto Four Mile River Road - Straight onto Shore Road End at Number 284 Shore Road. I-95 to Old Lyme Exit 70 From Northbound. Right onto Shore Road. Building On Left at Number 284 Shore Road.
City Old Lyme
Sq Ft Total 0
DOM 39
Year Built 1947
Present Use 16 Seat Takeout Restaurant with 3 Bedroom Apartment
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Interior
Utilities Available Electric Phone Available Cable
Cooling System None
Total Number of Units 2
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Michael Barnes

Listing Agent

Silver And Oak Realty

Broker

michaelbarnessells@gmail.com

Email

Affordability Calculator

$2,673
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,340
Monthly Property Taxes
$333
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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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$375,000 Listed Price

Map


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284 Shore Road, Old Lyme, CT, 06371 is a Commercial Property for sale at $375,000 with a lot size of 0.14. 284 Shore Road has 1.0 baths and was built in 1947. The property's zip code is 06371 which is in Old Lyme, CT