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30 Pennsylvania Ave, East Lyme (Niantic), CT, 06357 | $120,000

Bay Styles Hair Salon. Fantastic opportunity to own this income producing business in the heart of Niantic Village. Owner operated in current location for 30 years. At the present time there are 4 experienced stylists with loyal clientele renting stations and the owner will continue in a stylist position for immediate and consistent income. Currently this space can accommodate an additional 3 stylists for a total of 8. Spacious and inviting interior. Approximately 1630 Square Ft of space. Open floor for stylists, small kitchen/lunch area, storage, laundry area and half bath. Plus a (18. 10 x 12. 6) room in the rear would accommodate additional styling stations or numerous possibilities in the health and beauty trade to increase the income potential including nail tech(s), eyelash and eyebrow treatments, massage therapy etc. Bay Styles is located in a fully occupied plaza style building in the heart of the extremely vibrant and growing shoreline village of Niantic. The population is continuing to expand and has a great downtown business association coordinating numerous events that draw very large crowds year round. The interior and equipment have recently been updated and improved, providing a modern chic vibe. This is a business only for sale, lease available at a very reasonable rent until March 2026 with a 3 year option to extend, subject to approval. Bay Styles has been an exclusive Aveda salon for 10 years! Lots of potential to grow this business!

Features

  • Town: East Lyme
  • Current Use: Hair Salon
  • Utilities: Electric,Telephone
  • Heating: Hot Air
  • Cooling: Central Air
  • Zoning: Commercial
  • Frontage: None
  • Approx Sq. Feet: 1,630
  • Lot Desc: Level Lot
  • MLS#: 170604421
  • Days on Market: 214 days
  • Website: https://www.raveis.com
    /prop/170604421/30pennsylvaniaave_eastlyme_ct?source=qrflyer
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.

William Raveis Family of Services

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Jakob SatirSales Associate

203.963.0359

Jakob.Satir@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Joseph MollicaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 130058

203.952.8600

Joseph.Mollica@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Alex FerroInsurance Sales Director, William Raveis Insurance

203.610.1536

Alex.Ferro@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
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30 Pennsylvania Ave, East Lyme (Niantic), CT, 06357

$120,000

Jakob Satir

Sales Associate

William Raveis Real Estate

Phone: 203.963.0359

Jakob.Satir@raveis.com

Joseph Mollica

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.952.8600

Joseph.Mollica@raveis.com

NMLS Mortgage Loan Originator ID 130058

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
 15 Year
Fixed-Rate Conforming
Loan Amount $96,000 $96,000 $96,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.159% 6.286%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $655 $638 $810
Total Monthly Payment $730 $713 $885

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.

Equal Housing Lender

William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524