$1,250,000 ($736.16 per sqft)

Est. Mortgage $5,996/mo *

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224 Shore Road, Old Lyme, CT, 06371

224 Shore Road, Old Lyme, CT, 06371
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8 rooms

4 beds

2 Full baths

1928

Units on different Floors

1,698 sqft

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! Buyer/Buyer's agent to do due diligence. Permits are valid for 9 years with an option to extend past that an additional 5 years. See also commercial MLS#24124118

Status:

Active

Type:

Multi-family

Units:

2

Zoning:

C-30

Heating:

Hot Water

Cooling:

None

Basement:

Partial, Unfinished

Acreage:

1.7

Est. Taxes:

$3,225

Assessment

$198,700

Lot Description:

Level Lot

Elementary School:

Mile Creek

High School:

Lyme-Old Lyme

Days on Market:

84

MLS #:

24125637

Community Info

School Info

Walk Score

Mass Transit

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