Old Lyme Shopping Center 19 Halls Rd
50,223 SF Retail Building Old Lyme, CT 06371 $5,100,000 ($102/SF)



INVESTMENT HIGHLIGHTS
- Located immediately off exit 70 on Interstate 95.
- Two means of entry and egress.
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to exclusively present for sale the Old Lyme Shopping Center a 50,223 square foot shopping center located at 19 Halls Road (US Route 1) in the affluent shoreline town of Old Lyme, CT. The Old Lyme Shopping Center sits on a 5.22-acre parcel and is leased to a diverse tenant mix consisting of medical office, professional users, and service-oriented and everyday-needs retailers, many of which have been in place for over 10 years. The Old Lyme Shopping Center is located immediately off exit 70 on Interstate 95 (ADT of 59,000) on the busy US Route 1 with 11,000 cars passing by per day in the heart of the primary retail and commercial corridor of Old Lyme, CT. The Old Lyme Shopping Center is directly across the street from the town’s only major retail center which is anchored by Big Y World Class Market and Walgreens and features a United States Postal Service office. The Old Lyme Shopping Center features approximately 430 feet of Frontage on Halls Road (US Route 1) with two means of entry and egress and 154 parking spaces.
Old Lyme Shopping Center is directly across the street from the town’s only major retail center which is anchored by Big Y World Class Market and Walgreens and features a United States Postal Service office. Old Lyme Shopping Center features approximately 430 feet of Frontage on Halls Road (US Route 1) with two means of entry and egress and 154 parking spaces. There is the potential opportunity to expand by adding a retail pad on the Route 1 frontage.
Old Lyme Shopping Center is directly across the street from the town’s only major retail center which is anchored by Big Y World Class Market and Walgreens and features a United States Postal Service office. Old Lyme Shopping Center features approximately 430 feet of Frontage on Halls Road (US Route 1) with two means of entry and egress and 154 parking spaces. There is the potential opportunity to expand by adding a retail pad on the Route 1 frontage.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
50,223 SF
Building Class
C
Year Built
1964
Price
$5,100,000
Price Per SF
$102
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
5.22 AC
Zoning
C-30 - commercial
Parking
150 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
459 FT on Halls Rd
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | OLYM-000021-000000-000064 | Improvements Assessment | $1,620,000 |
Land Assessment | $1,152,500 | Total Assessment | $2,772,500 |