43 Pennsylvania Avenue

Situated in the heart of downtown Niantic, 43 Pennsylvania Avenue presents an exceptional opportunity for owner-users, investors, or developers seeking a versatile commercial asset in one of East Lyme's most visible and walkable corridors. The building spans approximately 3,065 square feet on a 0.79-acre parcel with ample on-site parking and asphalt paving. Originally constructed as a bank in 1972, the property features robust infrastructure including 300-amp, 3-phase electrical service, a central heat and air conditioning system installed in 2022, and ADA-compliant entrances. Recent updates to East Lyme's zoning regulations (effective July 10, 2025) have made the CB District significantly more supportive of commercial and mixed-use development. These updates provide greater flexibility, a broader range of permitted uses, and clearer dimensional standards that streamline the development process. Key zoning updates include: --Hotels, inns, bed & breakfasts, and two-family dwellings now permitted by right --Gas stations, auto sales, and family childcare also allowed by right --New special permit uses: taproom breweries, private education (2,000+ SF), veterinary clinics, and expansions to assisted living --Front yard setback flexibility increased from 6 feet minimum to a 6-20 foot range --Expanded support for mixed-use development, both new and within existing structures These changes open the door to a wide variety of potential uses and adaptive reuses for this high-visibility property.