Lyme, CT 06371,1 Ferry Road

$750,000

$800,000

6.3%
Est.Price: ?

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Est. payment /mo

5 Baths

3,330 SqFt


SOLD DATE : 05/15/2024

Key Details

Sold Price $750,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,330 sqft

Price per Sqft $225

MLS Listing ID 170540460

Sold Date 05/15/24

Half Baths 5

Year Built 1800

Annual Tax Amount $5,515

Lot Size 7,840 Sqft

Property Description

Rarely does an investment opportunity in the quintessential community of Lyme, Connecticut come along. The Hadlyme Country Market and the stunning 3300sqft mixed use commercial/residential building has been the centerpiece of the historic Hadlyme Four Corners. Now, the building is being offered with the Hadlyme Country Market business along with the investment building it is operating in. In 2013 the retail spaces were completely rebuilt and then the two 2nd floor apartments were beautifully renovated. The building houses the essential post office with its classic beadboard interior, and antique glass service window. The main building is 3330sqft, tenants include a country market, US post office and two 1-bedroom apts, and a gift shop. The building is fully leased. The exterior features a welcoming front porch, a picnic area, and parking spaces on two sides. The two apartments occupy the 2nd floor with separate utilities and efficient HVAC systems. In addition, there is a 432sqft separate renovated retail building featuring a vaulted ceiling with beams. The exterior is stunning with it’s stylized columns, hand chiseled European style patio and granite walkways, and freshly painted. A commercial septic system was installed 2013 along with a new cedar shingle roof in 2010. Updates include new plumbing, electrical, HVAC, new windows, flooring, siding.

Location

State CT

County New London

Zoning C-40

Interior

Heating Heat Pump

Cooling Ceiling Fans, Heat Pump, Split System

Flooring Tile, Vinyl, Wood

Exterior

Exterior Feature Gutters, Lighting

Garage Paved, Off Street Parking

Utilities Available Electric, Telephone, Cable

Roof Type Wood Shingle

Building

Lot Description Corner Lot, Level Lot

Story 2

Foundation Concrete, Stone

Sewer Septic

Water Private Well

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Listed by Allyson Cotton • William Pitt Sotheby's Int'l
Bought with Unrepresent Buyer • Unrepresented Buyer

GET MORE INFORMATION

Osi Rosenberg

Broker | REB.0791464

+1(203) 738-5999

2051 Main St, Stratford, CT, 06615

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