43 Pennsylvania Ave, East Lyme, CT 06357 For Sale

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 for this

• high-visibility property.