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224 Shore Road Old Lyme, CT 6371

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For Sale
$1,250,000

Multi-use property with storage unit permit and rental income.

Type:Commercial
Property size:
1,698 SF
Lot size:
1.70 Acres
Added:
Sep 5, 2025
Days on Market:
223
Last Refresh:
Apr 5 at 8:33 pm

Property Features for 224 Shore Road

General Information

Standard status
Active
Size
1,698 SF
Lot size
1.70 Acres
Property subtype
Commercial

Building Details

Year Built
1928

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Listing Contact
JODI SERAPILIA

Listing agent JODI SERAPILIA

Listing office William Raveis Real Estate

Listing date Sep 5, 2025

Source Corcoran

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


Overview

Multi-Use Property with Storage Permit

This multi-use property presents an investment opportunity. It includes a multifamily house with two rental units currently generating approximately $3400 per month in income. The back portion of the lot has an approved permit for up to 14,000 square feet of storage units with office space. Full approval and plans are in place for four storage buildings, ranging in size from 1800 to 4200 square feet. One of the four buildings is planned to include a shop/office. The property is located in Old Lyme and offers easy-to-build-on, level, open space.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Real Estate Agency Law Firm Restaurant Building Supply Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom Hotel & Motel Bar & Pub Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Old Lyme
County
New London
State
Connecticut
Longitude
-72.288
Latitude
41.2896

FAQs

What type of property is this?
Self storage facility - Multi-use property with storage unit permit and rental income.
Where is this self storage facility 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: Approved permit for **14,000 sq ft of storage units with office space.**; Existing multi‑family house with two rental units generating approximately $3400/month income.; Last available space in Old Lyme approved for storage unit construction.
More about this property
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