Duplex With Approved Storage
For Sale
$1,250,000
224 Shore Road, Old Lyme, CT 06371
Two rental units are in place alongside permitted storage development under C-30 zoning.
Property Size1,698 SF
Price / SF$736.16
Days on Market490
Property Features for 224 Shore Road
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Multi-Family / 2 Family
Zoning
C-30
Land
Topography
level
Land Use
mixed-use
Entitled
Yes
Taxes and HOA fees
Annual Taxes
$3,225
Amenities
No
Hot Water
8
Not Applicable
Building Details
Year Built
1928
Buildings
1
Listing Agency:
William Raveis Real Estate
(860) 919-7402
Listed By:
Jodi Serapilia · License #RES.0808581
(860) 919-7402
Source:
Compass
Added: Apr 29, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate
Investment Insights
Based on property information with market context.
This 1928 property is configured as a duplex with two rental units currently in place. The parcel also carries approval for storage-unit development, creating a combined residential and storage configuration. Plans call for four storage buildings, ranging from 1800 to 4200 sq ft, with one structure incorporating shop and office space. The approved storage component may include up to 14,000 Sq Ft of units with office space.
Located at 224 Shore Road in Old Lyme, Connecticut, the property offers level, open rear space described as easy to build on. C-30 zoning is in place, and the storage plans and permit are already approved.
Located at 224 Shore Road in Old Lyme, Connecticut, the property offers level, open rear space described as easy to build on. C-30 zoning is in place, and the storage plans and permit are already approved.
Key Highlights
- Duplex with 2 rental units in place
- Approved permit for storage‑unit development
- Storage plan allows up to 14,000 Sq Ft with office space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 06371, CT
9,840
Population
5,503
Households
1.8
Avg Household Size
53
Median Age
56%
College-Educated
98%
High-School Grad
54.0 sq mi
ZIP Area
182
Density / Sq Mi
$127,429
Median Household Income
$60,139
Median Earnings
$1,891
Median Rent
$468,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units are in place alongside permitted storage development under C-30 zoning.
Where is this duplex located?
The property is located at 224 Shore Road Old Lyme, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Duplex with 2 rental units in place; Approved permit for storage‑unit development; Storage plan allows up to 14,000 Sq Ft with office space
