1. Connecticut
  2. Old Lyme
  3. 24-26 Lyme Street
$1,200,000

24-26 Lyme Street, Old Lyme, CT 06371

  • 1 bed |
  • 4 baths |
  • 3,384 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1800
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $355/sqft
  • Property List Date Icon Listed 4 months ago

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%

Listing Status:
Active
Date Added:
April 1, 2025 at 07:17PM
Listing Office:
NestSeekers International : (203) 204-9555
Listing Agent:
Logan Hayes : (860) 961-6141
MLS ID:
24083403
  • Appliances: Cook Top
  • Basement: None
  • A/C: Wall Unit
  • Heating: Hot WaterOil
  • Fireplace: Fireplaces: 2

This listing courtesy of Logan Hayes, NestSeekers International

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

2.74 miles away

L

Lyme - Old Lyme Middle School

53 Lyme St, Old Lyme, CT, 06371

Grades 6-8

0.32 miles away

L

Lyme - Old Lyme High School

69 Lyme St, Old Lyme, CT, 06371

Grades 9-12

0.36 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.