159 Boston Post Rd - Apartments FOR SALE


East Lyme, CT 06333
$2,850,000 USD
860-237-7259
159 Boston Post Rd, East Lyme, CT for Sale
$2,850,000 USD
Apartments - FOR SALE
1/30
null | 6.32% Cap Rate

159 Boston Post Rd
East Lyme, CT 06333


HIGHLIGHTS

  • New Construction

OVERVIEW

Introducing an exceptional mixed-use commercial property located in the dynamic heart of East Lyme, where modern design seamlessly merges with timeless elegance. This newly constructed building is a unique opportunity for both investors and residents, with thoughtfully crafted spaces that cater to commercial and residential needs. With its superior craftsmanship and attention to detail, this property represents a rare investment prospect, offering both growth potential and distinguished living spaces. Whether you're pursuing a high return investment or a prestigious prestigious residential address, this property's prime location and lasting appeal are sure to exceed expectations. NOI is subject to converting vacant space into an additional apartment generating $2,500/month, subject to offer and town approval—landlord will handle buildout.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

7

PRICE/UNIT

$407,143

CAP RATE

6.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Bus/Res

APN/PARCEL ID

ELYM-003101-000032

ASK ABOUT THIS PROPERTY

Mantas LaureckisThe Bill Heenan TeamMore Info
860-237-7259

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Mantas LaureckisThe Bill Heenan TeamMore Info
860-237-7259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.