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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

Public Remarks

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%

Map to Property at 24-26 Lyme Street, Old Lyme CT 06371


go to town hall and continue down the road

Residential Property Information for 24-26 Lyme Street, Old Lyme CT 06371

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

Features
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
Utility Information

Hot Water System

Heat Type:

Fueled By: Hot Water.

Cooling: Wall Unit

Fuel Tank Location: Above Ground

Water Service: Private Well

Sewage System: Septic

School Information

Elementary: Mile Creek

Intermediate:

Middle: Per Board of Ed

High School: Lyme-Old Lyme

Marketing History

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

Listing Agent and Broker

List Agent Name: Logan Hayes

List Office Name: NestSeekers International