$380,000

47 Hartford Avenue, Old Lyme, CT 06371

  • 6 beds |
  • 3 baths |
  • 5,134 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $74/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

Incredible investor and builder opportunity just steps from the beach. Formerly home to a pizzeria and ice cream parlor on the first floor and a beach-shack hotel upstairs, 47 Hartford Ave has now been fully gutted to the studs and is primed for redevelopment. Located within Old Lyme's sought-after shoreline district, the property sits less than a 2-minute walk to the beach and showcases water views from the second-floor sunroom. With demolition complete, the site offers a clean slate and flexible multi-level footprint suited for a variety of uses. Preliminary zoning research suggests the square footage can comfortably support a 3-unit configuration, and with an approved variance, additional residential space may also be added on the first floor. Whether you're envisioning a custom coastal home, a restored mixed-use building, rental income property, restaurant, storefront, or a combination of these, the location and structure deliver exceptional potential. Offered at $380,000, this is a rare chance to reimagine a piece of Old Lyme's beachside past into something new and highly profitable. Additional photos available. Cash only. Proof of funds required. Listing agent must be present, and a hold-harmless agreement must be signed prior to touring. Alternate MLS #24143113

Listing Status:
Active
Date Added:
December 8, 2025 at 11:31PM
Listing Office:
Carbutti & Co., Realtors : (203) 269-4910
Listing Agent:
Nicholas Tarquino : (203) 710-6157
MLS ID:
24144072
  • Basement: None
  • A/C: None
  • Heating: No Heat
  • Fireplace: Fireplaces: 0
  • Style: Other
  • Roofing: Asphalt ShingleFlat
  • County: New London
  • Zoning: SVVD1555033
  • Water: Private Well
  • Sewer: Septic

This listing courtesy of Nicholas Tarquino, Carbutti & Co., Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mile Creek School

205 Mile Creek Rd, Old Lyme, CT, 06371

Grades KG-5

0.66 miles away

L

Lyme - Old Lyme Middle School

53 Lyme St, Old Lyme, CT, 06371

Grades 6-8

3.38 miles away

L

Lyme - Old Lyme High School

69 Lyme St, Old Lyme, CT, 06371

Grades 9-12

3.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.