Technical
Financial
Distress signals
Property profile

389 Shr Rd Old Lyme, CT 06371

OFF-MARKET
Showrooms
Property ID
US15-1201038
4,380 SF 0.6 ac lot Built 1965
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,440 square foot single-tenant office space at 389 Shore Road in Old Lyme, Connecticut, presents a fantastic opportunity. Built in 1965, the property boasts excellent visibility, situated next to the South Lyme Post Office and the entrance to Point O' Woods. Ample parking is available, and the location offers a fantastic opportunity for prominent signage. The property's zoning allows for multiple uses, subject to approval. Previously used as an office, the space most recently served as an ice cream shop, demonstrating its versatility. The building's total square footage is 1,440 square feet, with the entire space currently vacant and ready for immediate occupancy. The property is located in Old Lyme, Connecticut, zip code 06371. This location offers high traffic counts and easy access for customers and employees. The flexible zoning and ample parking make this property ideal for a variety of businesses seeking a high-visibility location in a desirable Connecticut town. The property's history as both an office and a retail space highlights its adaptability to diverse business needs. Interested parties should investigate zoning regulations to determine suitability for their intended use.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,380 SF
Lot 0.6 ac (26,136 SF)
APN OLYM M:10 L:7
UPID US15-1201038

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Grocery & Convenience Store Specialty Food Shop
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

389 Shr Rd Old Lyme, CT 06371-1937
Old Lyme metro Census 660103 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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