1. Connecticut
  2. Old Lyme
  3. 224 Shore Road
$1,250,000

224 Shore Road, Old Lyme, CT 06371

  • 4 beds |
  • 2 baths |
  • 1,698 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon1.7acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $736/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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!

Listing Status:
Active
Date Added:
September 10, 2025 at 02:27PM
Listing Office:
William Raveis Real Estate : (860) 388-3936
Listing Agent:
Jodi Serapilia : (860) 919-7402
MLS ID:
24125637
  • Basement: PartialUnfinished
  • A/C: None
  • Heating: Hot WaterOil
  • Fireplace: Fireplaces: 0
  • Style: Units on different Floors
  • Roofing: Asphalt Shingle
  • County: New London
  • Zoning: C-301550900
  • Water: Public Water Connected
  • Sewer: Septic

This listing courtesy of Jodi Serapilia, William Raveis Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mile Creek School

205 Mile Creek Rd, Old Lyme, CT, 06371

Grades KG-5

0.50 miles away

L

Lyme - Old Lyme Middle School

53 Lyme St, Old Lyme, CT, 06371

Grades 6-8

2.92 miles away

L

Lyme - Old Lyme High School

69 Lyme St, Old Lyme, CT, 06371

Grades 9-12

2.80 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.