Mixed-use commercial and residential building available in downtown New London. 12 Masonic Street comprises first-floor retail/office space along with upper-level office suites and four beautiful, recently converted apartments. Many mechanical and cosmetic upgrades have been recently completed. The property is centrally located near City Hall and across the street from The Eastern CT Chamber of Commerce. Within eyeshot is the Amtrak/CTrail Shore Line East train station, as well as the Block Island, Fishers Island, and Cross Sound ferries. Just two blocks in the opposite direction sits the New London landmark, the Garde Arts Center, along with the historic New London Public Library. The upper floors feature incredible views of the Thames River and surrounding areas. Connecticut College and the U.S. Coast Guard Academy are both approximately a five-minute drive away, while UConn's Avery Point campus is about 12 minutes away. 12 Masonic Street is an incredible investment opportunity in the heart of a rapidly growing city, with easy access to New York, Long Island, Hartford, Providence, and major Eastern Connecticut employers and institutions.
Prominent 5-story office/retail building in the heart of downtown New London. Harris Place is home to a wide array of commercial tenants, including professional offices, art galleries, and a private library. The building has undergone numerous upgrades and renovations throughout its current ownership tenure. Centrally located next door to City Hall and within eyeshot of the Amtrak/CTrail Shore Line East train station, as well as the Block Island, Fishers Island, and Cross Sound ferries. Just two blocks in the opposite direction sits the New London landmark, the Garde Arts Center, along with the historic New London Public Library. The main level features a large, skylit atrium, and the elevator-serviced upper floors offer sunny spaces with incredible views of the Thames River. Connecticut College and the U.S. Coast Guard Academy are both approximately a five-minute drive away, while UConn's Avery Point campus is about 12 minutes away. Harris Place represents a compelling investment opportunity in a growing region with potential for conversion or redevelopment. Adjacent/connected property (12 Masonic Street) also available for sale.
Attractive building on Whale Oil Row with easy acces from 95- conveinient walk to the Court house, restaurants, entertainment, train and ferry. Expanded opportunites in the Central Business District include residential, retail inluding beauty shops, art galleries, instruction in martial arts, dance, music,fashion etc, restaurants and more. Off street parking lot in back/ on street in front. A charming architectually historic structure. Current kitchen for officie includes a fridg/dishwashser Conference room currentlly on the main level. Room for expasion in attic and basement. 2 zones of electric first floor. Part of the NL Main Street Association. Selling "as is". Bring Offers
Investment opportunity. Currently used as a church/Place of worship, this building offers a versatile OPEN floor for a variety of potential uses. Located in the R-2 Zone, PERMITTED USES include: TW0-Family Dwellings and Single-Family Dwellings, Church/Place of Worship, Private Club. Plenty of road frontage and on-site parking. Property is being sold "AS IS."
Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4,700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.
Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Mixed-use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Fully leased, mixed-use property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on 5,508 SF on the second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
Freestanding 996 SF commercial building with 2 drive throughs previously used as a restaurant/cafe and bank. Would make a great take out or drive though restaurant. Located in close proximity to Yale New Haven Hospital, colleges and Ocean Beach. On a highly visible corner with frontage on both Ocean Avenue and School Street. Parking lot for 6 cars as well as on street. Zoned 'Neighborhood Business' for many retail and commercial uses.
This professional condominium, formerly a medical business, is an exceptional opportunity with versatile potential. It boasts a well-designed layout, including reception and waiting areas, exam rooms, a supply room, and offices. The utilities are natural gas heating and central air conditioning throughout the unit. It is available for immediate use in various professional fields such as medical practices, accounting firms, real estate agencies, this space has private rooms that cater to a wide range of needs. This building is designated as a "professional condominium" it is zoned R2. THE SALE IS FOR THE LOWER UNIT OF THE BUILDING ONLY.
A rare opportunity to acquire a legendary New London institution: Studio 33 Art & Frame Gallery. This is a business-only sale. This provides a unique window for an entrepreneur to step into a turn-key, 45-year legacy and either negotiate a lease with the future building owner or relocate this thriving business to a new storefront. The sale includes everything needed for immediate operation: a complete suite of professional, archival-grade framing equipment (including Fletcher-Terry tools, saws, and assembly tables) and high-end gallery fixtures. Most importantly, the purchase includes the Studio 33 brand, an invaluable and extensive loyal client database, and a strong digital presence. Located in the heart of the New London Cultural District and on the Waterfront Heritage Trail, the business is perfectly positioned just steps away from the Amtrak/Shoreline East Train Station and the cross-sound ferries, ensuring easy access for regional clients and heavy foot traffic. This business is a perfect fit for an individual handy with woodwork or a creative professional looking for a fulfilling, high-craft second career. Known for excellence that spans decades, Studio 33 offers an ideal foundation for someone who enjoys precision work and community engagement. Don't let 45 years of goodwill disappear!
Longstanding bar/restaurant with one of the largest waterfront decks in CT. 3,632 SF. Inside restaurant seating for 130. 1,321 SF outdoor deck with seating for 50. Business only for sale for $300,000; both property and business for sale for $1,200,000. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London's Enterprise Zone and Federal Opportunity Zone.
Discover this exceptional commercial property offering unmatched potential in one of New London's most strategic and high-demand corridors! Perfectly positioned adjacent to Yale New Haven Lawrence + Memorial Hospital and minutes from Mitchell College, Ocean Beach Park, and Downtown New London, this building captures the best of both worlds-a suburban setting with immediate access to city amenities. Major employers such as Electric Boat, Pfizer, and the U.S. Coast Guard drive steady activity and long-term stability in the area. Built with strength, flexibility, and adaptability in mind, this multi-story structure features an operational elevator servicing all floors from the basement through the third level and a full wet fire-suppression system throughout. The layout allows easy division or expansion of units, giving freedom to tailor spaces for office, medical, residential, or mixed-use conversions. An adjacent 28-space parking lot directly behind the building is included in the sale, offering exceptional convenience and added value. Currently 60% occupied and 40% vacant, it provides both income and upside potential. Owner-occupied and meticulously maintained for two decades, 464 Ocean Avenue is a rare, high-opportunity asset ideal for investors or owner-operators looking to scale in New London's growing corridor.
It is exciting to bring this 9,870 sq. ft., Class B, Professional Office Building to the market. This two-story wood frame building is a fantastic opportunity for business owners or investors. Located on a corner lot, there is easy access from I-95. Situated on two heavily traveled municipal streets, it features 2 driveway cuts and plenty of parking. The paved lot includes 31 marked, off-street parking spaces. Inside, the building has 6 spacious office suites, 3 on each floor. Every suite has its own private half-bathroom, making it convenient for tenants and employees. With separate front and rear entrances, you will find carpeted staircases leading to each floor, ensuring a comfortable and professional atmosphere. Each suite operates independently with its own electric meter, giving tenants control over their utilities. The property also includes a seventh electric meter for house utilities. Additionally, there are 6 natural gas meters and 6 air conditioning compressors, ensuring every space is individually climate controlled. Every suite also comes with its own natural gas-fired furnace and hot water heater, providing efficient heating and hot water. This property also listed for LEASE (MLS#24136493) Whether you're looking for a property to occupy yourself, with additional income producing tenants or simply seeking an investment opportunity, this building is must-see. Schedule your private tour today before it's GONE!
26,727 SF commercial building on 2.13 acres in close proximity to Yale New Haven Hospital, Ocean Beach and downtown New London. Previously used as a drug rehab facility, there are 40 individual rooms with bathrooms and mini-split HVAC units, 2 large conference rooms, a full kitchen and numerous storage units. Multiple bathrooms and showers in the hall. 4,241 SF finished basement includes bathrooms and meeting rooms, shop space and a laundry room. New roof in 2021 as well as new LED lighting, window treatments and flooring. A 350 KW Deisel Generator on site. Zoned R-3, this property would make an excellent conversion to residential apartments. Previous use was a drug treatment facility. Handicap accessible with parking for 30 cars and potential to add more on acreage. Situated on a cul-de-sac in a beautiful park like setting.
A great development opportunity near the downtown area. Large interior space has potential use for a dance studio, fitness location, community center, church, offices, training & development center, educational programs, or creative space. Check with the local zoning department for specific limitations on use. Highlights: The building is located west of New London's main business district, on the north side of Blinman Street between Truman and Bank Streets. It is a two-story masonry building, built out of red brick mostly laid in Flemish bond. Its entry has double doors separated by an engaged column, set in round-arch openings. A large circular window stands above the doors, within a large brick archway that encompasses it and the doors. Four small windows flank this arch, two on each side. The facade is crowned by a stepped segmental arch with short flanking posts. And the building is considered historic in design from the 1800's. Challenges: Parking may be limited to zoning regulations based on use. Needs many interior renovations and upgrades to: lighting, plumbing, electrical, and exterior.
Four story, 11,656 SF commercial building in the heart of downtown gutted and ready for buildout. City approvals for 9 apartments and 2 commercial spaces. 2,919 SF basement. 2021 appraisal available as well as architectural renderings. Great visibility and development opportunity in close proximity to the Amtrak station and future USCG Museum.
OPPORTUNITY ZONE! 5 Story brick office building consisting of 81,312 SF. Originally department store in downtown New London. It now consists of retail space on the first floor and numerous offices on the upper floors. It would be an ideal apartment building and the owner has already completed some apartments. The first floor has a magnificent atrium with entrances from State Street and Masonic Street.
New London is located in Connecticut. New London, Connecticut has a population of 27,585. New London is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in New London, Connecticut is $50,819. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in New London is 32.8 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 25.7 inches of snow per year.
