About 224 Shore Road
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!
Features of 224 Shore Road
| MLS® # | 24125637 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,698 |
| Acres | 1.70 |
| Type | Multi-Family For Sale |
| Sub-Type | 2 Family |
| Style | Units on different Floors |
| Status | Active |
Community Information
| Address | 224 Shore Road |
|---|---|
| Area | N/A |
| City | Old Lyme |
| County | New London |
| State | Connecticut |
| Zip Code | 06371 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Water, Oil |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partial, Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Concrete |
School Information
| Elementary | Mile Creek |
|---|---|
| High | Lyme-Old Lyme |
Additional Information
| Date Listed | September 10th, 2025 |
|---|---|
| Days on Market | 27 |
| Zoning | C-30 |
| RE / Bank Owned | No |
Listing Details
| Office | William Raveis Real Estate |
|---|