47 Hartford Avenue Old Lyme, CT $ 325,000
47 Hartford Avenue
$ 325,000
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47 Hartford Avenue

Old Lyme, CT, 06371
$ 325,000
Baths0.0 Sq 5,134

Monthly Estimate*

$ 2,270

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Studio

Commercial Property for sale in Old Lyme, CT

for $325,000. This 5,134 square foot building was built in 1930 on a lot size of 0.13.

Very Rare Investment Opportunity to own a Piece of Old Lyme History. Once was the Old Lyme Post office back in the day as well as a Pizza Shop and the original Candy Store. Just steps away from the beach, 47 Hartford Ave is in the Soundview Village District Zone. Current Mixed-use setup includes two street level retail store spaces, the 2nd & 3rd Floor contains residential space and a separate detached cottage also exists in the rear of the property. Restore this landmark building or start from scratch. If commercial isn’t your wheelhouse, then why not convert the two lower-level commercial spaces into residential with summer weekly rates and then lease academically in the off season. The possibilities for this project are endless and a solid ROI is very easy to achieve. Whether a Long Term Play or a Short Term, there is money to be made. For those who are in business and are about to experience a halt with construction as the economy takes a big hit, this may be a good place for you to utilize the labor you are going to have to carry during the slump, so why not invest in a project that will give you something to really sink your teeth into and come out on the other side with large profits.

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Commercial Active

Price

$ 325,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial For Sale

Lot Size

0.13

Year Built

1930

Town/City

Old Lyme

MLS | Web ID

170587696

Features
General
Zoning SVVD
Exclusions What you see is What will Convey
Year Built 1930
Neighborhood Sound View
Heater Type No Heat
County New London
Tax Year July 2023-June 2024
Location Other
Property Type Commercial For Sale
Status Active
Acres 0.13
Directions 95 North or South Exit 70 go down 156 towards Soundview Beach Take right onto Hartford Ave
City Old Lyme
Street Name Hartford
Sq Ft Total 5134
DOM 285
Video Tour Y/N 0
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Interior
Cooling System None
Utilities Available Electric Electric Available Cable Available Underground Required
Total Number of Units 4
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Exterior
Water Source Public Water In Street Private Well
Garage Parking Other None
Lot Description Level Lot
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Internal Only
Street Number 1 47
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* Excluded Features
List By
Jack Pragosa

Listing Agent

Agnelli Real Estate

Broker

jpragosa@aol.com

Email

Affordability Calculator

$2,270
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,270
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
THE TIME TO SELL IS NOW!
Nearby
899581 Elementary School
895635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/28/2023$325,000 Listed Price

Map


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47 Hartford Avenue, Old Lyme, CT, 06371 is a Commercial Property for sale at $325,000 with 5,134 sqft and a lot size of 0.13. 47 Hartford Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 06371 which is in Old Lyme, CT