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24-26 Lyme Street, Old Lyme CT 06371
Current Price: $1,200,000
1 beds
4 baths
3384 sq. ft
Last Update: 6/18/2025
Property Type: Single Family For Sale
Dont miss this rare opportunity to own two well-maintained historic buildings in the heart of the Old Lyme Historic District! 24 & 26 Lyme Street are being sold together, offering a unique chance to invest in a high-visibility location within this charming New England village. * 24 Lyme Street (built in 1800) features 1,824 sq. ft. of retail and office space, ideal for business use or potential redevelopment. * 26 Lyme Street (built in 1750) offers 1,560 sq. ft., including a beautifully designed one-bedroom apartment on the second floor with a touch of Manhattan elegance. This property also boasts a working chimney, an updated foundation (1988), new beams, and stunning oak floors-a seamless blend of historic charm and modern enhancements. Located on picturesque Lyme Street, these properties are surrounded by shops, restaurants, churches, and beaches, making them ideal for investment, personal use, or conversion back into residential units. We encourage you to schedule a private showing so we can coordinate accordingly with the retail tenants. Come take a tour, explore the possibilities, and enjoy the fresh ocean air! Rent rolls and monthly operating costs are available upon request. Projected cap rate from previous rentals can be an estimated 8-9%
go to town hall and continue down the road
MLS #: 24083403
Style: Colonial
Color:
Total Rooms:
Bedrooms: 1
Bathrooms: 4
Acres: 0.21
Year Built: 1800 (Public Records)
New Construction: No/Resale
Home Warranty Offered:
Property Tax: $12,659
Zoning: R-15
Mil Rate:
Assessed Value: $572,100
Potential Short Sale:
Square Footage: Estimated HEATED Sq.Ft. above grade is 3384; below grade sq feet total is ; total sq ft is 3384
Appliances Incl.: | Cook Top |
Fireplaces: | 2 |
Basement Desc.: | None |
Exterior Siding: | Wood |
Foundation: | Concrete |
Roof: | Asphalt Shingle |
Garage/Parking Type: | None |
Swimming Pool: | 0 |
Waterfront Feat.: | Not Applicable |
Lot Description: | Historic District |
Occupied: | Tenant |
Hot Water System
Heat Type:
Fueled By: Hot Water.
Cooling: Wall Unit
Fuel Tank Location: Above Ground
Water Service: Private Well
Sewage System: Septic
Elementary: Mile Creek
Intermediate:
Middle: Per Board of Ed
High School: Lyme-Old Lyme
Current List Price: $1,200,000
Original List Price: $1,200,000
DOM: 91
Listing Date: 3/19/2025
Last Updated: 4/1/2025 7:17:29 PM
List Agent Name: Logan Hayes
List Office Name: NestSeekers International