96 days on market
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224 Shore Road, Old Lyme CT 06371

Current Price: $1,250,000

4 beds 2 baths 1698 sq. ft

Last Update: 2/14/2026

Property Type: Multi-Family For Sale

Public Remarks

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The holy grail of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!

Buyer/Buyers agent to do due diligence. Permits are valid for 9 years with an option to extend past that an additional 5 years. See also commercial MLS#24124118

Map to Property at 224 Shore Road, Old Lyme CT 06371


GPS friendly

Residential Property Information for 224 Shore Road, Old Lyme CT 06371

MLS #: 24125637

Style: Units on different Floors

Color: white

Total Rooms:

Bedrooms: 4

Bathrooms: 2

Acres: 1.7

Year Built: 1928 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $3,225

Zoning: C-30

Mil Rate:

Assessed Value: $198,700 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 1698; below grade sq feet total is ; total sq ft is 1698

Features
Fireplaces: 0
Basement Desc.: Partial,Unfinished
Exterior Siding: Vinyl Siding
Foundation: Concrete
Roof: Asphalt Shingle
Parking Spaces: 0
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Occupied: Tenant
Utility Information

Hot Water System

Heat Type:

Fueled By: Hot Water.

Cooling: None

Fuel Tank Location: Above Ground

Water Service: Public Water Connected

Sewage System: Septic

School Information

Elementary: Mile Creek

Intermediate:

Middle:

High School: Lyme-Old Lyme

Marketing History

Current List Price: $1,250,000

Original List Price: $1,250,000

DOM: 96

Listing Date: 9/10/2025

Last Updated: 9/10/2025 2:27:03 PM

Listing Agent and Broker

List Agent Name: Jodi Serapilia

List Office Name: William Raveis Real Estate