Date
Details
Price
Change
Source
9/05/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/28
$1,250,000
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1/28
Property Description
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!
Full Property Details
Full Property Details for 224 Shore Rd
General
- Price: $1,250,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24124118
- Updated: 11/26/2025
- Added to Site: 135 day(s) ago
Interior
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Restrooms: 2
Location
- County: New London
- Driving Directions: GPS friendly
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Oil
- Heating Fuel: Oil
Utilities
- Sewer: Septic
- Water: Public Water Connected
- Utility Description: Electric Available, Phone Available, Cable Available
Structural Information
- Roof: Asphalt Shingle
- Stories/Levels: 2
- Stories in Building: 2
- Square Feet: 1,698
- Sq. Ft. Source: Public Records
- Current Bldg. Use: multi family rental approx $3400/mo
- Year Built: 1928
Unit Information
Unit 1
- Unit Description: 4+Bedrooms
- Square Feet: 1698
- Total Bathrooms: 2
Lot Features
- Lot Size (Acres): 1.7
- Frontage: Paved Road
- Present Use: multi family rental approx $3400/mo
- Potential Use: Permitted for up to 14, 000 sq ft storage units
- Zoning: C-30
- Lot Description: Some Wetlands, Level Lot, Cleared
Financial Considerations
- Assessment Amount: $198,700
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Lead Disclosure, Site Plan Approval, Zoning Approval
- Property ID: 1550900
Listed by William Raveis Real Estate, Jodi Serapilia and William Raveis Real Estate, Jaime Dasilva
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 224 Shore Rd —
Jodi Serapilia
William Raveis Real Estate
Jaime Dasilva
William Raveis Real Estate
Agent Contact: (860) 919-7402 Office Contact: (860) 388-3936
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 224 Shore Rd
School District:Regional School District 18
| Name | Grades | Distance |
|---|---|---|
Mile Creek School 205 Mile Creek Road, Old Lyme, CT 06371 | K-5 | 0.5 mi |
Lyme-Old Lyme Middle School 53 Lyme Street, Old Lyme, CT 06371 | 6-8 | 2.9 mi |
Lyme-Old Lyme High School 69 Lyme Street, Old Lyme, CT 06371 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 Shore Rd
Tax History
Tax History for 224 Shore Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,225
-9%
$198,700
36%
2023
$3,558
4%
$145,800
—
2023
$3,426
—
$145,800
—
2022
$3,426
1%
$145,800
—
2021
$3,397
—
$145,800
—
2020
$3,383
-6%
$145,800
-10%
2019
$3,615
2%
$161,300
—
2018
$3,534
1%
$161,300
—
2017
$3,508
3%
$161,300
—
2016
$3,420
3%
$161,300
—
2015
$3,326
2%
$161,300
-3%
2014
$3,273
2%
$166,500
—
2011
$3,212
—
$166,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 Shore Rd
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,711Sq. Ft.
Listed by Claire Kilmer (203) 856-0387
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,170Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 3,496Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,739Sq. Ft.
Listed by Amanda Popplewell Pena (203) 314-2813
- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 3Total Baths
- 3,497Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 3,890Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 5Total Baths
- 3,952Sq. Ft.
Listed by Nancy Mesham and Linda Marsh
Sold by William Pitt Sotheby's Int'l
Sold by William Pitt Sotheby's Int'l
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,818Sq. Ft.
Listed by RE/MAX on the Bay
Sold by The Huhn Team at Coldwell Banker Realty
Sold by The Huhn Team at Coldwell Banker Realty
224 Shore Road, Old Lyme, CT 06371 (MLS# 24124118) is a Commercial property. 224 Shore Road is currently listed for $1,250,000 and was received on September 05, 2025. Want to learn more about 224 Shore Road? Do you have questions about finding other Commercial real estate for sale in Old Lyme? You can browse all Old Lyme real estate or contact a Coldwell Banker agent to request more information.