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Historic Mixed-Use Property
For Sale
$1,100,000

24 Lyme Street, Old Lyme, CT 06371

Two Lyme Street buildings pair commercial space with a second-floor apartment.

Property Size1,824 SF
Price / SF$603.07
Days on Market18

Property Features for 24 Lyme Street

General Information

Standard status Active
Size 1,824 SF
Property subtype Commercial
Zoning R-15

Building Details

Building Size 1,824 SF
Year Built 1800
Buildings 2
Units 1
Listing Agency: Nestseekers International
Listed By: Logan Hayes
Source: Cappellorealty
Added: Oct 5 Changed: Oct 22 Last Checked: Oct 22 at 2:15PM

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.

Offered together, the buildings at 24 and 26 Lyme Street provide a mix of commercial and residential space. The 1,824-square-foot building at 24 Lyme Street dates to 1800 and contains retail and office areas. The 1,560-square-foot building at 26 Lyme Street, built in 1750, includes a one-bedroom apartment on the upper floor. Property features include oak flooring, a functioning chimney, replacement beams, and foundation improvements completed in 1988.

The properties sit in the Old Lyme Historic District, among shops, restaurants, and churches, with beaches also noted in the surrounding area. Zoning is R-15.

Key Highlights

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

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.

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 Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two Lyme Street buildings pair commercial space with a second-floor apartment.
Where is this mixed-use property located?
The property is located at 24 Lyme Street Old Lyme, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two buildings offered together at 24 and 26 Lyme Street; 24 Lyme Street: 1,824 square feet of retail and office space; built in 1800; 26 Lyme Street: 1,560 square feet with a second‑floor one‑bedroom apartment; built in 1750
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