19 Halls Rd, Old Lyme, CT 06371
- Commercial real estate
- 5.22 lot acres
Current Use by Public Records
- The Law Office of Khorey L. Peterson / Law Firm
- Sablone Francis / Law Firm
- Amy B Weldon / Physician
- Rubino Law LLC / Law Firm
- Hair Trendz Hair Salon, LLC / Hair Salon
Property Details for 19 Halls Rd
- Lot size
- 5.22 lot acres
- Property type
- Commercial real estate
- APN
- OLYM M:21 L:64
- APU
- OLYMM21L64
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 4, 2023 | — | Old Lyme Land Tinc | Cae Properties LLC | Quit Claim Deed · related | — |
| Jun 10, 2015 | $3,575,000 | 19 Halls Road LLC | Amato Properties LLC | Warranty Deed | $2.6M · Webster Bk |
| Dec 21, 2001 | $2,300,000 | Amato Prop LLC | Bolei INC | Warranty Deed | $1.4M · Citizens Bank Of Ct |
| Mar 3, 1987 | — | Old Lyme Shoipping Ctr | — | Deed Of Trust · related | $500k · Norwich Savings Society |
Description
This 50,223 sq ft shopping center in Old Lyme, CT, offers a compelling redevelopment opportunity. Boasting 100% occupancy, two buildings, and 154 parking spaces, this multi-tenant property features a diverse mix of established businesses, including medical offices and everyday-needs retailers. Located on US Route 1 with high daily traffic counts, it benefits from strong area demographics and a high barrier to entry market. The property includes 35 units across two stories, built in 1964 and renovated in 1991, situated on a 5.22-acre lot with C30-s zoning. The asking price is $5,100,000, representing a 7.02% cap rate with a pro-forma cap rate of 9.20%. The property offers significant upside potential and is ideally positioned within a thriving retail corridor. The center is directly across from a major retail center anchored by Big Y and Walgreens. The property has approximately 430 feet of frontage on Halls Road (US Route 1) with two means of entry and egress. There is potential for expansion by adding a retail pad on the Route 1 frontage. The property is conveniently located off Interstate 95, exit 70.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,130,000
- ML approach
- $3,200,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Old Lyme
- County
- New London
- State
- Connecticut
- Longitude
- -72.3342
- Latitude
- 41.3249
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
