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Two-Building Mixed-Use Property
For Lease
$1,100,000

24 Lyme St, Old Lyme, CT 06371

Two historic Lyme Street buildings combine retail, office, and apartment space in Old Lyme’s historic district.

Space SizeContact for details
Property Size3,384 SF
Days on Market12

Property Features for 24 Lyme St

General Information

Standard status Active
Size 3,384 SF

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $4,564
Listing Agency: NestSeekers International
Listed By: Logan Hayes
Source: Exprealty
Added: Oct 5 Changed: Oct 15 Last Checked: Oct 15 at 2:26AM

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 NestSeekers International

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Investment Insights

Based on property information with market context.

At 24 Lyme Street, an 1800 building provides 1,824 square feet of retail and office space. The neighboring building, constructed in 1750, contains 1,560 square feet, including a one-bedroom apartment on the second floor. Together, the properties offer a mix of commercial and residential space across two historic structures.

The 1750 building has a working chimney, oak floors, new beams, and a foundation updated in 1988. The properties are in the Old Lyme Historic District, near shops, restaurants, churches, and beaches.

Key Highlights

  • Two buildings at 24 and 26 Lyme Street in the Old Lyme Historic District
  • 24 Lyme Street: built in 1800 with 1,824 square feet of retail and office space
  • 26 Lyme Street: built in 1750 with 1,560 square feet, including a second‑floor one‑bedroom apartment

Property Analytics

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Current Use

Homeward Collective Clothing Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Butcher Cafe & Coffee Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

208
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two historic Lyme Street buildings combine retail, office, and apartment space in Old Lyme’s historic district.
Where is this mixed-use property located?
The property is located at 24 Lyme St Old Lyme, CT.
What is the lease rate?
The lease rate is $1,100,000.
What are key features of this property?
This property features: Two buildings at 24 and 26 Lyme Street in the Old Lyme Historic District; 24 Lyme Street: built in 1800 with 1,824 square feet of retail and office space; 26 Lyme Street: built in 1750 with 1,560 square feet, including a second‑floor one‑bedroom apartment
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