Residential Land with Home for Sale in East Lyme Town, Connecticut
68-70 Black Point Rd, East Lyme Town, CT 06357
Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.
Location
- Street address
- 68-70 Black Point Rd
- County
- New London County
- Community
- Black Point
- Elevation
- 30 feet
Directions
Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.
Property details
- Acreage
- 2.27 acres
- Zoning
- R40
- MLS #
- CTMLS 24077288
- Posted
Parcels
- 1467457
Details and features
Listing
- Type
- Residential Multi Family
Lot
- View
- Water
Structure
- Heating
- Baseboard, Electric, Oil
- Cooling
- Window Unit(s)
- Materials
- Vinyl Siding
- Roof
- Asphalt, Shingle
Interior
- Rooms
- Basement, Bathroom x 5, Bedroom x 5
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Lillie B. Haynes | Elementary | — | — |
| East Lyme | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 28, 2025 | Price drop | $3,895,000 | $100,000 -2.5% | CTMLS |
| Mar 22, 2025 | Price drop | $3,995,000 | $205,000 -4.9% | CTMLS |
| Feb 28, 2025 | New listing | $4,200,000 | — | CTMLS |