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$ 1,200,000
Est. payment | /mo
1 Bed
4 Baths
3,384 SqFt
$ 1,200,000
Est. payment | /mo
1 Bed
4 Baths
3,384 SqFt
OPEN HOUSE
Sat Aug 16, 7:00am - 9:00am
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $354
MLS Listing ID 24083403
Style Colonial
Bedrooms 1
Full Baths 2
Half Baths 2
Year Built 1800
Annual Tax Amount $4,393
Lot Size 9,147 Sqft
Property Description
Don't miss this rare opportunity to own two well-maintained historic buildings in the heart of the Old Lyme Historic District! 24 & 26 Lyme Street are being sold together, offering a unique chance to invest in a high-visibility location within this charming New England village. * 24 Lyme Street (built in 1800) features 1,824 sq. ft. of retail and office space, ideal for business use or potential redevelopment. * 26 Lyme Street (built in 1750) offers 1,560 sq. ft., including a beautifully designed one-bedroom apartment on the second floor with a touch of Manhattan elegance. This property also boasts a working chimney, an updated foundation (1988), new beams, and stunning oak floors-a seamless blend of historic charm and modern enhancements. Located on picturesque Lyme Street, these properties are surrounded by shops, restaurants, churches, and beaches, making them ideal for investment, personal use, or conversion back into residential units. We encourage you to schedule a private showing so we can coordinate accordingly with the retail tenants. Come take a tour, explore the possibilities, and enjoy the fresh ocean air! Rent rolls and monthly operating costs are available upon request. Projected cap rate from previous rentals can be an estimated 8-9%
Location
State CT
County New London
Zoning R-15
Rooms
Basement None
Interior
Heating Hot Water
Cooling Wall Unit
Fireplaces Number 2
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Historic District
Foundation Concrete
Sewer Septic
Water Private Well
Schools
Elementary Schools Mile Creek
Middle Schools Per Board Of Ed
High Schools Lyme-Old Lyme
Listed by Logan Hayes • NestSeekers International