Discover the enchantment of this historic Old Lyme Village landmark, originally established in 1897 as the former James Bugbee Store, and thoughtfully preserved as an iconic presence in the community since 1987. Rich in heritage and brimming with opportunity, this distinctive property offers a rare blend of historic charm, architectural character, and versatile use for both residential and commercial purposes. Set on an expansive parcel within the Turtle Fields Association, the property enjoys shared dock access to the Lieutenant River, creating a coveted connection to Old Lyme's natural beauty and waterfront lifestyle. The grounds include three barns, a storage shed, and a generous yard, offering exceptional flexibility for a variety of uses. Architectural details reflective of its 1897 origins provide a sense of timelessness, while the open interior layout presents a blank canvas ready for thoughtful restoration or reimagining. Zoning allows for residential and/or commercial use, making this an ideal opportunity for a private residence, live/work concept, professional office, boutique retail, gallery space, or specialty business. Located in the heart of Old Lyme Village, this prime setting offers a charming, community-focused atmosphere just moments from renowned local attractions including the Lyme Art Association, Florence Griswold Museum, Old Lyme Inn, and easy access to the scenic Connecticut River and Long Island Sound.