43 Pennsylvania Ave | Image 1
New
43 Pennsylvania Ave | Image 2
43 Pennsylvania Ave | Image 3
43 Pennsylvania Ave | Image 4
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43 Pennsylvania Ave | Image 7

$1,150,000

7 days ago

0 Bed

0 Bath

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MLS® 24151583

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Lease
Size -
Garage No
Date Available 
Days Active 6
Approx. Age 1972
MLS® Number 24151583

Property Address: 43 Pennsylvania Ave, Niantic, CT, 06357-3224

Average square foot calculated using Size range provided by listing agent.

Description

Situated in the heart of downtown Niantic, 43 Pennsylvania Avenue presents an exceptional opportunity for owner-users, investors, or developers seeking a versatile commercial asset in one of East Lyme's most visible and walkable corridors. The building spans approximately 3, 065 square feet on a 0.79-acre parcel with ample on-site parking and asphalt paving. Originally constructed as a bank in 1972, the property features robust infrastructure including 300-amp, 3-phase electrical service, a central heat and air conditioning .System installed in 2022, and ADA-compliant entrances., Recent updates to East Lyme's zoning regulations (effective July 10, 2025) have made the CB District significantly more supportive of commercial and mixed-use development. These updates provide greater flexibility, a broader range of permitted uses, and clearer dimensional standards that streamline the development process. Key zoning updates include: --Hotels, inns, bed & breakfasts, and two-family dwellings now permitted by right --Gas stations, auto sales, and family childcare also allowed by right --New special permit uses: taproom breweries, private education (2, 000+ SF), veterinary clinics, and expansions to assisted living --Front yard setback flexibility increased from 6 feet minimum to a 6-20 foot range --Expanded support for mixed-use development, both new and within existing structures These changes open the door to a wide variety of potential uses and adaptive reuses.
MLS® Number24151583
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1972
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Leased YetSold Price

For Rent

Jan 29, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
43 Pennsylvania Ave, Niantic, CT

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