OLD LYME — The Old Lyme Shopping Center is currently for sale via an online auction opening Sept. 6 (previously Aug. 23.) At the time of writing (7:10am), the highest bid is $2,750,000 but it also states on the site that the reserve has not yet been met.
Ten-x.com’s NorthEast Private Client Group is handling the sale and the property details are listed as follows:
She added, “So until that overlay [the proposed HROD] is in place, this [property] is most appealing to highway service plazas and the like. If we had the overlay, highway-focused developers would have to compete for the space with those interested in pursuing our vision:- retail up front with multi-family residential, with its better ROI.”