28
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$375,000
Est. payment /mo
1 Bath
6,098 Sqft Lot
New
284 Shore Road Old Lyme, CT 06371
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24134251
Full Baths 1
Year Built 1947
Annual Tax Amount $4,001
Lot Size 6,098 Sqft
Property Description
"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#
Location
State CT
County New London
Zoning C-10
Interior
Interior Features Fire Suppression System
Heating Hot Air
Cooling None
Exterior
Exterior Feature Roof Sign, Gutters, Pole Sign
Utilities Available Electric, Phone Available, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 3
Foundation Block, Concrete
Sewer Septic
Water Public Water Connected
Listed by Michael Barnes • Silver and Oak Realty