1 Ferry Rd

Lyme, CT 06371

$750,000
Last Sold Price
—
Beds
3,330 Sq. Ft.
$225 / Sq. Ft.
3,330
Sq. Ft.
$225
per Sq. Ft.
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Closed 5/15/24
Closed 5/15/24

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....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.
  1. Listed by Allyson Cotton • William Pitt Sotheby's Int'l
    P: (860)-227-6016 C: (860)-227-6016 acottonrealtor@gmail.com

Property Details for 1 Ferry Road

Location
Rural
Neighborhood
Hadlyme
Garage Parking Info
Paved, Off Street Parking
LISTING UPDATED: 10/01/2024 07:06 AM

Property Details for 1 Ferry Road

StatusClosed
MLS #170540460
Days on Market487
Taxes$5,515 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeNon-Residential
MLS Type-
Year Built1800
Lot Size0.18 AC / 7,840 SF
CountyNew London County
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Location

Listing Courtesy of William Pitt Sotheby's Int'l, Allyson Cotton

Sold By Unrepresented Buyer, Unrepresent Buyer

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Building Information for 1 Ferry Road

Stories2Residences5Year Built1800Lot Size0.18 AC / 7,840 SF

Payment Calculator

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$4,099 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,640

Property Taxes

$460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Ferry Road

Summary
Property and Location
  • Directions: Rt 82 to Hadlyme 4 Corners. This is 1 Ferry Rd in Lyme (Hadlyme). Not OLD LYME.
  • Flood Zone: No
  • Latitude: 41.422413
  • Longitude: -72.39988
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Tax Year: July 2023-June 2024
  • Property Tax: $5,515
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters, Lighting
Interior Features
  • Cooling System: Ceiling Fans, Heat Pump, Split System
  • Heat Type: Heat Pump
  • Flooring: Tile, Vinyl, Wood
  • Rooms Total: 0
Room 5
  • Listing Key: EFDF63846B983A93E053D501100A39DE
Property
Property and Assessments
  • Construction Description: Frame
  • Foundation Type: Concrete, Stone
  • New Construction Type: No/Resale
  • Present Use: 3 retail spaces 2 res. apts
  • Road Frontage Approximate: 221
  • Road Frontage Description: State Road, Paved Road
  • Roof: Wood Shingle
  • Sq Ft Source: Public Records
  • Year Built: 1800
  • Bank Owned Property: No
Lot Information
  • Documents Available: Plot Plan/Survey
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1520980
  • Sq Ft Total: 3330.0
  • Zoning: C-40
Utilities
  • Heat Fuel Type: Electric
  • Sewage System: Septic
  • Utilities Available: Electric, Telephone, Cable
  • Water Source: Private Well
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 5
Building Details
  • Unit Count: 5
  • Number of Electric Services: 5
  • Number of Stories: 2
  • Number of Tenants: 5
Unit 1
  • Unit Average Sq Ft: 1188
  • Unit Entry Order: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $2,000
  • Unit Number Of: 1
  • Unit Num Vacant: 0
  • Unit Type: Retail
Unit 2
  • Unit Average Sq Ft: 522
  • Unit Entry Order: 2
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $973
  • Unit Number Of: 1
  • Unit Num Vacant: 0
  • Unit Type: Retail
Unit 3
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 561
  • Unit Entry Order: 3
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,350
  • Unit Number Of: 1
  • Unit Num Vacant: 0
  • Unit Type: 1 Bedroom
Unit 4
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 561
  • Unit Entry Order: 4
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,275
  • Unit Number Of: 1
  • Unit Num Vacant: 0
  • Unit Type: 1 Bedroom
Unit 5
  • Unit Average Sq Ft: 432
  • Unit Entry Order: 5
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $975
  • Unit Number Of: 1
  • Unit Num Vacant: 0
  • Unit Type: Retail

Property History for 1 Ferry Road

DateEvent & SourcePriceAppreciation
May 15, 2024

Closed (Public Record)

Public Record #1533849581

$550,000—
DateEvent & SourcePrice
05/15/2024

Closed (Public Record)

Public Record #1533849581

$550,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Ferry Road

Taxable ValueLand$151,600Additions$273,300Total$424,900
Tax Record2024$6,161 ($513 / month)
Home Facts
Lot Size7,919 SqFtStyleMiscellaneous CommercialCountyNEW LONDONAPNLYME M:8 L:53

Schools near 1 Ferry Road

This home is within Regional School District 18.
Rating
School
Type
Grades
Distance
Lyme Consolidated School
Public - K to 5
Lyme-Old Lyme Middle School
Public - 6 to 8
Lyme-Old Lyme High School
Public - 9 to 12
Franklin Academy
Private - 8 to 12
Rating
School
Distance
Lyme Consolidated School
PublicK to 5

Lyme-Old Lyme Middle School
Public6 to 8

Lyme-Old Lyme High School
Public9 to 12

Franklin Academy
Private8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Pitt Sotheby's Int'l, Allyson Cotton

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.