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    90 Halls Rd Old Lyme, CT 06371

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Retail/Office, Old Lyme, CT

    Lot size:
    6,862 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Old Lyme Marketplace offers exceptional retail and office opportunities in a high-traffic location on Route 1 (Halls Road) in Old Lyme, Connecticut. This Class B property features two buildings totaling approximately 6,064 square feet of vacant space, situated on 12.35 acres of land. The property includes a 3,500-square-foot freestanding building, ideal for a bank branch due to its existing two drive-thrus, or adaptable for other retail or office uses. This building boasts high-quality finishes. Additionally, there are two inline spaces available: a 1,564-square-foot space and a 1,798-square-foot space, currently built out as a salon. These inline spaces benefit from a prime location between anchor tenants Big Y and Walgreens, ensuring high foot traffic. The property offers ample parking, a signalized entrance, and convenient access to I-95 at Exit 70. Built in 1990, the two-story buildings are zoned C-30 and have 240v, 400-amp power. The property taxes are $1.96 per square foot. Other tenants in the shopping center include Subway, Snap Fitness, Grand Wine & Spirits, Old Lyme Hardware, Select Physical Therapy, and Office Express. The minimum divisible space is 1,564 square feet, with a maximum contiguous space of 3,500 square feet.

    Property Features for 90 Halls Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,862 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    1,798 SF - Inline space
    Size
    1,798 SF
    Rate per SF
    $15
    Space
    Freestanding Building
    Size
    3,500 SF
    Space
    1,564 SF - Inline space
    Size
    1,564 SF
    Rate per SF
    $13

    HighLights

    • Old Lyme Marketplace, prime retail location in Old Lyme's premier retail corridor on Route 1.
    • 3,500 SF freestanding retail/office building with two drive‑thrus.
    • High‑quality finishes.
    • 1,564 SF inline retail/office space.
    • 1,798 SF inline retail space, fully built‑out as a salon.
    • Inline spaces situated between Big Y and Walgreens, offering high foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Atm APC DRIVING Driving School Bank of America ATM ... Atm Walgreens Pharmacy Pharmacy BROOKE ULIANO Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    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
    -72.336735169569
    Latitude
    41.323001309276

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail/Office, Old Lyme, CT
    Where is this individual retail property located?
    The property is located at 90 Halls Rd Old Lyme, CT.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Old Lyme Marketplace, prime retail location in Old Lyme's premier retail corridor on Route 1.; 3,500 SF freestanding retail/office building with two drive-thrus.; High-quality finishes.
    Request Owner's contact information
    90 Halls Rd Old Lyme, CT 06371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    90 Halls Rd Old Lyme, CT 06371
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