389 Shr Rd Old Lyme, CT 06371-1937
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.
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Granma’s Kitchen Restaurant
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South Lyme Scoop Shop Grocery & Convenience Store Specialty Food Shop
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Liquor Shoppe (Bike/Boat/Book/etc) Store Wine and Liquor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.