23 River Road, East Lyme CT 06333 (Off Market)

For Sale, USD 1,100,000


23 River Road, East Lyme CT 06333,

Property Type : Commercial

Property Style : N/A

Build Size : 1,728 ft² / 161 m²

Land Size : N/A

Bedroom : 0

Bathroom : 3

Half Bathroom : 0

MLS#: N/A


Property Description

Cozy Nest Cottages at 23 River Rd, East Lyme, CT offers a unique shoreline opportunity for owner occupants or investors. The main home, remodeled in 2007, is a charming year-round residence with water views, deeded access to the Niantic River, a mooring, and a generator hookup. It features a versatile 3-bedroom, 2-full-bath floor plan, a two-car garage, storage, and a shed. Situated on an acre-plus parcel, the property includes seven cottages ranging from 240 to 600 sq ft. These cottages feature one-bedroom units with open kitchen-family room styles, studios with lofts, and larger open-concept studios. Six cottages have porches, and three are seasonal, all showcasing a unique "cottage beach style" with one bathroom per cottage. Ideal for family vacations, friends' getaways, individuals, traveling nurses, and wedding parties, the cottages also offer significant rental income potential from platforms like Airbnb, VRBO, and private rentals. The main home can generate $3,500 per month, while the cottage rentals are estimated to bring in $60,000 - $75,000 annually, for a total potential annual rental income of $117,000. Additional highlights include a lodging license, no flood insurance requirement, and proximity to the Niantic River and Oswegatchie Hills Nature Preserve trails. This quiet enclave of homes is just minutes from I-95/I-395.
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23 River Road, East Lyme CT 06333, United States,Connecticut,East Lyme is a 1,728ft² East Lyme luxury Commercial listed for sale USD 1,100,000. This high end East Lyme Commercial is comprised of 0 bedrooms and 3 baths. Find more luxury properties in East Lyme or search for luxury properties for sale in East Lyme.