• 61 days on site
  • 2 views

Exceptional redevelopment opportunity at 305 South Street in Plymouth, CT, directly across from beautiful Plymouth Lake. First time this property has been available since 1996. Currently operating as an upholstery shop, this versatile commercial property offers tremendous potential for investors, entrepreneurs, or owner occupants seeking a prime location with future upside. Plans were previously approved by the town to convert the upper level into residential living space while maintaining commercial use below, creating an exciting opportunity for possible single family, multifamily, or mixed use redevelopment. Buyers to perform their own due diligence regarding approvals, zoning, permits, intended future use, and potential benefits under Connecticut Public Act 25-164 encouraging adaptive reuse opportunities for qualifying properties. Property includes lake rights to Plymouth Lake, adding rare recreational appeal and increased desirability. Ideal for live/work space, income potential, retail, office, cafe, boutique shop, office conversion, and more. Rare opportunity in a highly visible and desirable location.

Source: Smart MLS, MLS#: 24171538

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential
  • Lot
    0.45 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

ERA Key Realty Services

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    50
  • Population Density
    258
  • College Educated
    50%
  • Estimated Median Income
    $98,417
  • Estimated Total Home Owners
    710
  • Estimated Total Renters
    75
  • Owner / Renter Divide
    90% / 10%
  • Estimated Average Household Size
    2
  • Total Population
    2,000
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 305 South Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/24/2026Source: Smart MLS Price Reduction
$549,900 -5.2%
6/24/2026Source: Smart MLS Price Reduction
$549,900 -5.2%
6/24/2026Source: Smart MLS Price Reduction
$549,900 -5.2%
6/9/2026Source: Smart MLS Price Reduction
$579,900 -3.3%
6/9/2026Source: Smart MLS Price Reduction
$579,900 -3.3%
6/9/2026Source: Smart MLS Price Reduction
$579,900 -3.3%
5/14/2026Source: Smart MLS Price Reduction
$599,999 -9.8%
5/14/2026Source: Smart MLS Price Reduction
$599,999 -9.8%
5/14/2026Source: Smart MLS Price Reduction
$599,999 -9.8%
5/3/2026Source: Smart MLS Status Change
Active
5/3/2026Source: Smart MLS Status Change
Active
5/3/2026Source: Smart MLS Status Change
Active
4/30/2026Source: Smart MLS Added to Database
April 30, 2026
4/30/2026Source: Smart MLS Added to Database
April 30, 2026
4/29/2026Source: Smart MLS Added to Database
April 29, 2026
Listing provided courtesy of Coldwell Banker Realty- MLS# 24171538MLS ProviderContact Information: (203) 804-1877