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$380,000
Est. payment /mo
6 Beds
3 Baths
5,134 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,134 sqft
Price per Sqft $74
MLS Listing ID 24144072
Style Other
Bedrooms 6
Full Baths 3
Year Built 1930
Annual Tax Amount $3,491
Lot Size 5,662 Sqft
Property Sub-Type 3 Family
Property Description
Incredible investor and builder opportunity just steps from the beach. Formerly home to a pizzeria and ice cream parlor on the first floor and a beach-shack hotel upstairs, 47 Hartford Ave has now been fully gutted to the studs and is primed for redevelopment. Located within Old Lyme's sought-after shoreline district, the property sits less than a 2-minute walk to the beach and showcases water views from the second-floor sunroom. With demolition complete, the site offers a clean slate and flexible multi-level footprint suited for a variety of uses. Preliminary zoning research suggests the square footage can comfortably support a 3-unit configuration, and with an approved variance, additional residential space may also be added on the first floor. Whether you're envisioning a custom coastal home, a restored mixed-use building, rental income property, restaurant, storefront, or a combination of these, the location and structure deliver exceptional potential. Offered at $380,000, this is a rare chance to reimagine a piece of Old Lyme's beachside past into something new and highly profitable. Additional photos available. Cash only. Proof of funds required. Listing agent must be present, and a hold-harmless agreement must be signed prior to touring. Alternate MLS #24143113
Location
State CT
County New London
Zoning SVVD
Rooms
Basement None
Interior
Heating No Heat
Cooling None
Exterior
Parking Features None
Waterfront Description Ocean Frontage
Roof Type Asphalt Shingle,Flat
Building
Lot Description Water View
Foundation Concrete, Masonry
Sewer Septic
Water Private Well
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Nicholas Tarquino • Carbutti & Co., Realtors
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