412 days on market
Under Contract
More about this Property

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1 Ferry Road, Lyme CT 06371

Current Price: $800,000

0 beds 5 baths 3330 sq. ft

Last Update: 5/9/2024

Property Type: Multi-Family For Sale

Public Remarks

Rarely does an investment opportunity in the quintessential community of Lyme, Connecticut come along. The Hadlyme Country Market and the stunning 3300sqft mixed use commercial/residential building has been the centerpiece of the historic Hadlyme Four Corners. Now, the building is being offered with the Hadlyme Country Market business along with the investment building it is operating in. In 2013 the retail spaces were completely rebuilt and then the two 2nd floor apartments were beautifully renovated. The building houses the essential post office with its classic beadboard interior, and antique glass service window. The main building is 3330sqft, tenants include a country market, US post office and two 1-bedroom apts, and a gift shop. The building is fully leased. The exterior features a welcoming front porch, a picnic area, and parking spaces on two sides. The two apartments occupy the 2nd floor with separate utilities and efficient HVAC systems. In addition, there is a 432sqft separate renovated retail building featuring a vaulted ceiling with beams. The exterior is stunning with it’s stylized columns, hand chiseled European style patio and granite walkways, and freshly painted. A commercial septic system was installed 2013 along with a new cedar shingle roof in 2010. Updates include new plumbing, electrical, HVAC, new windows, flooring, siding.

Map to Property at 1 Ferry Road, Lyme CT 06371


Rt 82 to Hadlyme 4 Corners. This is 1 Ferry Rd in Lyme (Hadlyme). Not OLD LYME.

Residential Property Information for 1 Ferry Road, Lyme CT 06371

MLS #: 170553137

Style:

Color:

Total Rooms:

Bedrooms: 0

Bathrooms: 5

Acres: 0.18

Year Built: 1800 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $5,515

Zoning: C-40

Mil Rate:

Assessed Value: $282,800 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 3330; below grade sq feet total is ; total sq ft is 3330

Features
Fireplaces: 0
Basement Desc.: Partial With Hatchway
Exterior Siding: Shake
Exterior Features: Gutters,Lighting
Foundation: Concrete,Stone
Roof: Wood Shingle
Parking Spaces: 0
Garage/Parking Type: Paved,Off Street Parking
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Corner Lot,Level Lot
In Flood Zone: 0
Occupied: Tenant
Utility Information

Hot Water System Electric

Heat Type: Heat Pump

Fueled By: Electric.

Cooling: Ceiling Fans,Heat Pump,Split System

Fuel Tank Location: Non Applicable

Water Service: Private Well

Sewage System: Septic

School Information

Elementary: Lyme Consolidated

Intermediate:

Middle:

High School: Lyme-Old Lyme

Marketing History

Current List Price: $800,000

Original List Price: $999,000

DOM: 412

Listing Date: 2/28/2023

Last Updated: 4/16/2024 8:53:43 PM