224 Shore Road, Old Lyme, CT 06371 (MLS # 24125637)

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PRICE $1,250,000 dsIDX morgage calculator
BEDS 4
BATHS 2
HOME SIZE 1,698 sqft
LOT SIZE 1.70 ac

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!

DAYS ON MARKET 2 LAST UPDATED 9/10/2025
YEAR BUILT 1928 COUNTY New London
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Mile Creek
High School Lyme-Old Lyme


ADDITIONAL DETAILS
AIR None
BASEMENT Partial, Unfinished, Yes
CONSTRUCTION Frame, Vinyl Siding
HEAT Hot Water, Oil
LOT 1.7 acre(s)
LOT DESCRIPTION Level
PARKING None
SEWER Septic Tank
STYLE Units on different Floors
TAXES 3225
WATER Public
ZONING C-30
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing courtesy of William Raveis Real Estate
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