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$375,000
Est. payment /mo
1,980 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $189
MLS Listing ID 24134499
Style Other
Year Built 1947
Annual Tax Amount $4,001
Lot Size 6,098 Sqft
Property Description
"The Shoreline Opportunity" MAXIMUM INVESTMENT: Potential for Two Separate 3-Bedroom Units Under CT-830G! When opportunity knocks, you take it! This is the premier development opportunity @ 284 Shore Road. The existing structure offers maximum future value as a single home or as two separate 3-bedroom residential units under the powerful CT-830G provisions (current septic in place), subject to approvals! The newer roof minimizes stress; a big ticket item is done. The current 3-bedroom apartment is partially cleared for immediate renovation, and the entire lower level is your blank canvas for conversion. Crucially, based on current septic allowance, the structure supports up to six bedrooms total! The property features separate utilities on 1st and 2nd floor if multi-family conversion is approved. The Location Defines the Lifestyle: You are directly across from the main public beach road and hold a permissible private boat mooring opportunity nearby! Enjoy this golf-cart-friendly neighborhood where sidewalk-lined streets provide ADA access all the way to the beach. Blocks away, find coastal shops, restaurants, and entertainment. Drive your golf cart to the beach for front-row parking. Nearby attractions include Rocky Neck State Park and the Connecticut River. Features include a large paved parking area and a newer 350 sq ft paver patio. Though the property needs investment, the potential for equity and coastal living is immense. Secure your Old Lyme investment and future
Location
State CT
County New London
Zoning C-10
Rooms
Basement None
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Porch-Enclosed, Balcony, Sidewalk, Porch, Gutters, Covered Deck, Patio
Parking Features None, Paved, Off Street Parking
Waterfront Description Walk to Water,Dock or Mooring,Access
Roof Type Asphalt Shingle
Building
Lot Description Fence - Partial, Level Lot, Cleared
Foundation Concrete, Slab
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Mile Creek
Middle Schools Lyme-Old Lyme
High Schools Lyme-Old Lyme
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Listed by Michael Barnes • Silver and Oak Realty
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