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47 Hartford Avenue

Old Lyme, CT 06371
  • $325,000
  • STATUS: Active
  • MLS #: 170587696
UPDATED: 56 min ago
$325,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Very Rare Investment Opportunity to own a Piece of Old Lyme History. Once was the Old Lyme Post office back in the day as well as a Pizza Shop and the original Candy Store. Just steps away from the beach, 47 Hartford Ave is in the Soundview Village District Zone. Current Mixed-use setup includes two street level retail store spaces, the 2nd & 3rd Floor contains residential space and a separate detached cottage also exists in the rear of the property. Restore this landmark building or start from scratch. If commercial isn’t your wheelhouse, then why not convert the two lower-level commercial spaces into residential with summer weekly rates and then lease academically in the off season. The possibilities for this project are endless and a solid ROI is very easy to achieve. Whether a Long Term Play or a Short Term, there is money to be made. For those who are in business and are about to experience a halt with construction as the economy takes a big hit, this may be a good place for you to utilize the labor you are going to have to carry during the slump, so why not invest in a project that will give you something to really sink your teeth into and come out on the other side with large profits. Owner Financing Preferred, CASH, 1031

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-23T08:10:57.903.
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47 Hartford Avenue Old Lyme, CT 06371

  • Price: $325,000
  • Status: Active
  • On Site: Days
  • Updated: 56 min ago
  • MLS #: 170587696
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1930
Built
Neighborhood:
Sound View
County:
New London
Area:
Old Lyme
Property Description
Very Rare Investment Opportunity to own a Piece of Old Lyme History. Once was the Old Lyme Post office back in the day as well as a Pizza Shop and the original Candy Store. Just steps away from the beach, 47 Hartford Ave is in the Soundview Village District Zone. Current Mixed-use setup includes two street level retail store spaces, the 2nd & 3rd Floor contains residential space and a separate detached cottage also exists in the rear of the property. Restore this landmark building or start from scratch. If commercial isn’t your wheelhouse, then why not convert the two lower-level commercial spaces into residential with summer weekly rates and then lease academically in the off season. The possibilities for this project are endless and a solid ROI is very easy to achieve. Whether a Long Term Play or a Short Term, there is money to be made. For those who are in business and are about to experience a halt with construction as the economy takes a big hit, this may be a good place for you to utilize the labor you are going to have to carry during the slump, so why not invest in a project that will give you something to really sink your teeth into and come out on the other side with large profits. Owner Financing Preferred, CASH, 1031
Exterior Features

Garage And Parking OtherNone Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description Municipal Street Roof Information Asphalt Shingle

Interior Features

Cooling System None Heat Type No Heat Sq Ft Total 5134

Property Features

Acceptable Financing Owner Financing Ada Compliant YN No Agent Owner YN Yes Bank Owned Property No Exclusions What you see is What will Convey Foundation Type Concrete Heat Fuel Type Other Hubbard YN No Location Other New Construction Type No/Resale Potential Short Sale No Sewage System Septic Tax Year July 2023-June 2024 Total Number Of Units 4 Under Agreement Yn No Utilities Available ElectricElectric AvailableCable AvailableUnderground Required Water Source Public Water In StreetPrivate Well Zoning SVVD

Listing information © 2024 Smart MLS
Listing provided courtesy of Jack D. Pragosa of Agnelli Real Estate: (860) 282-0678.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-23T08:10:57.903.
 
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