OLD LYME — The Old Lyme Shopping Center at 19 Halls Road, home to a number of businesses including the Hideaway Restaurant & Pub, Andy’s Deli and an office of Yale New Haven Health will go on the auction block on August 23-25 with a reserve price set at $1.5 million.
NorthEast Private Client Group, in Shelton, Conn., is offering the property for auction.
The 5.22-acre site, with two buildings totaling 50,223 SF of mixed use commercial space, is owned by 19 Halls Road LLC of Yonkers, N.Y.
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The property, which contains wetlands along the Lieutenant River, was assessed at $2.7 million total and appraised at $3.96 million in 2019, according to the town property card.
The property last sold on June 10, 2015 for $3.575 million.
Edie Twining, chair of the Halls Road Improvements Committee, brought attention to the upcoming auction during a short presentation about the proposed Halls Road Overlay District at the Board of Selectmen’s meeting Monday night.