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224 Shore Rd 1.7 Acres of Commercial Land Offered at $1,744,900 CAD in Old Lyme, CT 06371
INVESTMENT HIGHLIGHTS
- Full approval permitted for up to 14,000 sq ft of storage. Earn passive income.
- Open level lot, easy access and easy to build.
- Existing multi-family on property currently rented.
EXECUTIVE SUMMARY
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!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,744,900 CAD | Lot Size | 1.70 AC |
| Price Per AC | $1,026,411.79 CAD |
| Price | $1,744,900 CAD |
| Price Per AC | $1,026,411.79 CAD |
| Lot Size | 1.70 AC |
Approved Permit for Storage Units. Permitted for up to 14,000 Sq Ft of storage w/office space. Full approval and plans for 4 storage buildings ranging from 1800-4200 sq ft. Easy to build on, level open space. Last available storage space in Old Lyme.
DESCRIPTION
Large level lot, 1.7 acres. Easy access and easy to build. Driveway and multifamily house on property.
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224 Shore Rd
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