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.
Bay Styles Hair Salon. Fantastic opportunity to own this income producing business in the heart of Niantic Village. Owner operated in current location for 30 years. At the present time there are 4 experienced stylists with loyal clientele renting stations and the owner will continue in a stylist position for immediate and consistent income. Currently this space can accommodate an additional 3 stylists for a total of 8. Spacious and inviting interior. Approximately 1630 Square Ft of space. Open floor for stylists, small kitchen/lunch area, storage, laundry area and half bath. Plus a (18.10 x 12.6) room in the rear would accommodate additional styling stations or numerous possibilities in the health and beauty trade to increase the income potential including nail tech(s), eyelash and eyebrow treatments, massage therapy etc. Bay Styles is located in a fully occupied plaza style building in the heart of the extremely vibrant and growing shoreline village of Niantic. The population is continuing to expand and has a great downtown business association coordinating numerous events that draw very large crowds year round. The interior and equipment have recently been updated and improved, providing a modern chic vibe. This is a business only for sale, lease available at a very reasonable rent until March 2026 with a 3 year option to extend, subject to approval. Bay Styles has been an exclusive Aveda salon for 10 years! Lots of potential to grow this business!
The median home value in East Lyme, CT is $540,000. This is higher than the county median home value of $320,100. The national median home value is $338,100. The average price of homes sold in East Lyme, CT is $540,000. Approximately 63.53% of East Lyme homes are owned, compared to 23.58% rented, while 12.9% are vacant. East Lyme real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a East Lyme real estate agent to arrange a tour today!
East Lyme, Connecticut has a population of 18,798. East Lyme is more family-centric than the surrounding county with 31.45% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in East Lyme, Connecticut is $98,987. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in East Lyme is 48.7 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 26.1 inches of snow per year.