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$315,000
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Property Description
"OPPORTUNITY ENTERPRISE" @ 284 Shore Road" Welcome to the ULTIMATE COASTAL ASSET! Private Boat Mooring Opportunity, High Traffic & 7,200 Car Count! This is an amazing, unique mixed-use building at 284 Shore Road, offering immediate income potential and a spectacular lifestyle. It's situated directly across from the town's main public beach road and includes a rare, private boat mooring opportunity steps away! The newer roof minimizes upfront stress. The commercial space is a ready-to-refine asset: a permitted 16-seat pizza/takeout restaurant where ALL commercial equipment is included (ovens, refrigeration, coolers). This means massive immediate cost savings on startup equipment. While slight improvements are needed, the costly infrastructure and separate utilities are golden. Location is a profit engine: Guaranteed clientele from 7,200 daily car counts and constant foot traffic generated directly opposite the only gas station on this side of town. The upstairs 3-bedroom apartment is partially cleared for immediate, value-add renovation, boasting an enclosed porch and walk-up attic with 2 entrances. Features include ample parking, a newer 350 sq ft paver patio for outdoor seating, and a flexible side/backyard. Though the units and grounds need investment, the strong potential for a lucrative two-family conversion under CT-830G (current septic in place) makes this the final, perfect investment. Don't forget "When opportunity knocks, you take it!" Also listed as Residential MLS#
Full Property Details
Full Property Details for 284 Shore Rd
General
- Sold For: $315,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24134251
- Added to Site: 90 day(s) ago
Interior
- Interior Features: Fire Suppression System
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Restrooms: 2
Exterior
- Exterior Features: Roof Sign, Gutters, Pole Sign
Location
- County: New London
- Neighborhood: Sound View
- Driving Directions: I-95 to Old Lyme Exit 71 From Southbound - Left onto Four Mile River Road - Straight onto Shore Road , End at Number 284 Shore Road. I-95 to Old Lyme Exit 70 From Northbound. Right onto Shore Road. Building On Left at Number 284 Shore Road.
Community
- Community Name: Sound View
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Oil
- Heating Fuel: Oil
Utilities
- Sewer: Septic
- Water: Public Water Connected
- Utility Description: Electric, Phone Available, Cable
Structural Information
- Roof: Asphalt Shingle
- Stories/Levels: 3
- Stories in Building: 3
- Sq. Ft. Source: Public Records
- Current Bldg. Use: 16 Seat Takeout Restaurant with 3 Bedroom Apartment
- Year Built: 1947
Unit Information
Unit 1
- Unit Description: 3 Bedrooms
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.14
- Frontage: State Road, Paved Road
- Frontage Feet: 60
- Present Use: 16 Seat Takeout Restaurant with 3 Bedroom Apartment
- Potential Use: 2 Family Home
- Zoning: C-10
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $246,500
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Lead Disclosure, Zoning Approval
- Bank-owned: Yes
- Property ID: 1555619
Listed by Silver and Oak Realty, Michael Barnes
Sold by Agnelli Real Estate, Jack Pragosa
Get Pre-Approved Today
Schools
Schools serving 284 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 | 3.2 mi |
Lyme-Old Lyme High School 69 Lyme Street, Old Lyme, CT 06371 | 9-12 | 3.3 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 284 Shore Rd
Date
Details
Price
Change
Source
1/09/2026
Sold
$315,000
-16%
MLS
10/17/2025
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
284 Shore Road, Old Lyme, CT 06371 (MLS# 24134251) is a Commercial property that was sold at $315,000 on January 09, 2026. Want to learn more about 284 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.

