Incredible investor and builder opportunity just steps from the beach. Formerly home to a pizzeria and ice cream parlor on the first floor and a beach-shack hotel upstairs, 47 Hartford Ave has now been fully gutted to the studs and is primed for redevelopment. Located within Old Lyme's sought-after shoreline district, the property sits less than a 2-minute walk to the beach and showcases water views from the second-floor sunroom. With demolition complete, the site offers a clean slate and flexible multi-level footprint suited for a variety of uses. Preliminary zoning research suggests the square footage can comfortably support a 3-unit configuration, and with an approved variance, additional residential space may also be added on the first floor. Whether you're envisioning a custom coastal home, a restored mixed-use building, rental income property, restaurant, storefront, or a combination of these, the location and structure deliver exceptional potential. Offered at $380,000, this is a rare chance to reimagine a piece of Old Lyme's beachside past into something new and highly profitable. Additional photos available. Cash only. Proof of funds required. Listing agent must be present, and a hold-harmless agreement must be signed prior to touring. Alternate MLS #24143113