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$875,000 Just Listed
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Property Description
Turnkey Pizzeria + Real Estate | Old Lyme, CT An exceptional opportunity to acquire a well-established, 45-year-old pizzeria with real estate included in the heart of Old Lyme. This successful, fully operational business has built a loyal customer base and a strong reputation for quality food and a welcoming, family-friendly atmosphere. The property features a well-maintained commercial kitchen with an efficient layout, ample prep space, and everything in place for a seamless transition to new ownership. The dining area supports both dine-in and takeout service, with additional upside potential through expanded delivery, catering, or extended operating hours. Ideally located in a charming shoreline community, the business benefits from steady year-round traffic, with a notable increase during peak tourism seasons. Excellent visibility, easy access, and a long-standing presence in the local market make this a standout offering. This opportunity is well-suited for an experienced operator or an entrepreneur seeking a proven, profitable concept with room to grow. The current owner is committed to a smooth transition and will provide training, hands-on support, and detailed SOPs. Opportunities to acquire both a thriving business and the underlying real estate in Old Lyme are rare.
Full Property Details
Full Property Details for 264 Shore Rd
General
- Price: $875,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24172749
- Updated: 5/5/2026
- Added to Site: 2 day(s) ago
Business
- Business Included: Yes
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Location
- County: New London
- Neighborhood: Sound View
- Driving Directions: GPS Friendly
Community
- Community Name: Sound View
Heating & Cooling
- Cooling Type: Central Air, Split System
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Septic
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
Structural Information
- Roof: Asphalt Shingle, Fiberglass Shingle
- Square Feet: 3,902
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Pizzeria
- Year Built: 1940
Unit Information
- # Tenants: 2
Unit 1
- Unit Description: 4+Bedrooms
- Square Feet: 1686
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.28
- Frontage: State Road
- Present Use: Pizzeria
- Zoning: C-10
- Lot Description: Dry, Level Lot, Cleared
Financial Considerations
- Assessment Amount: $391,500
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: None
- Property ID: 1555686
Listed by Sam Galatas, Sam Galatas
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Price & Sales History for 264 Shore Rd
Date
Details
Price
Change
Source
5/04/2026
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 264 Shore Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,354
-29%
$391,500
7%
2023
$8,901
4%
$364,800
—
2023
$8,573
—
$364,800
—
2022
$8,573
1%
$364,800
—
2021
$8,500
—
$364,800
—
2020
$8,463
24%
$364,800
20%
2019
$6,813
2%
$304,000
—
2018
$6,661
1%
$304,000
—
2017
$6,612
3%
$304,000
—
2016
$6,445
3%
$304,000
—
2015
$6,268
23%
$304,000
17%
2014
$5,114
2%
$260,100
—
2011
$5,020
—
$260,100
—
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 264 Shore Rd
264 Shore Road, Old Lyme, CT 06371 (MLS# 24172749) is a Commercial property. 264 Shore Road is currently listed for $875,000 and was received on May 04, 2026. Want to learn more about 264 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.

