Flexible-Use Development Site | 1.11 Acres — Sale in East Lyme, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: East Lyme, CT 06357

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Description

22 Liberty Way presents a well-located, ±1.11-acre development parcel in East Lyme’s established Liberty Way industrial corridor. The site offers a rare combination of physical usability and flexibility, with a level topography, utilities available at the street, and prior engineering work completed. The property is zoned Light Industrial, supporting a range of end-user and development scenarios including contractor or flex building use. Existing concept plans demonstrate the feasibility of a small-scale industrial building, consistent with surrounding uses. In addition, conceptual studies have explored the potential for a small residential or affordable housing development. While no formal approvals are currently in place, this analysis highlights the opportunity to pursue an alternative entitlement path, subject to buyer due diligence and municipal approval. The property’s location, adjacent to state-owned land and within close proximity to Route 156 and I-95, further enhances its appeal for both users and developers seeking a well-positioned site in Southeastern Connecticut. Offered as a flexible-use opportunity, 22 Liberty Way allows buyers to evaluate multiple paths to value, including immediate industrial development or longer-term repositioning strategies. Investment Highlights: • ±1.11-acre (48,467 SF) level parcel | Zoned Light Industrial (LI) • ±152' frontage on Liberty Way • Utilities available at street • Prior engineering, drainage, and utility plans completed • Supports contractor yard / light industrial development • Conceptual plans explore ±8-unit residential development (no approvals in place) • Abutting 35.71 AC state-owned land • Flexible positioning for user or developer acquisition

Market Context

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