Discover the enchantment of this Historic Old Lyme property, an iconic landmark established in 1987. Nestled in the heart of Old Lyme Village, this landmark building offers a unique blend of nostalgic charm and modern potential, perfect for both commercial and residential aspirations. As part of the Turtle Fields Association, there is a shared dock leading out to the Lieutenant River. There are also 3 barns, storage shed and an expansive yard. Historical significance as the former James Bugbee store, a testament to Old Lyme's vibrant past, this versatile space can be used as commercial or residential, allowing for a truly unique living experience. This prime location in Old Lyme Village, offering a quaint, community-focused atmosphere within proximity to local attractions, including the Lyme Art Association, The Old Lyme Inn, The Flo Gris Museum and easy access to the scenic beauty of the Connecticut River and Long Island Sound. Architectural details that reflect its 1897 origins, provide character and a sense of timelessness. This property is an open canvas awaiting your vision. Whether you're looking to create a thriving business or craft a one-of-a-kind home, this is an opportunity to shape the future while honoring the legacy of Old Lyme's storied past.