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$ 2,100,000
Est. payment | /mo
4 Baths
12,311 SqFt
$ 2,100,000
Est. payment | /mo
4 Baths
12,311 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,311 sqft
Price per Sqft $170
MLS Listing ID 24166663
Full Baths 4
Year Built 1900
Annual Tax Amount $30,400
Lot Size 5,662 Sqft
Property Description
Positioned in the heart of New London's thriving waterfront district, this fully renovated mixed-use asset offers investors a rare opportunity to acquire a stabilized, income-producing property with long-term upside. Overlooking the Thames River, the property combines historic New England charm with modern functionality in one of southeastern Connecticut's most desirable coastal markets. The three-story granite and brick building encompasses approximately 12,311 square feet and was completely gut-renovated in 2019. The renovation modernized all major systems while carefully preserving the building's original architectural character. As a result, the property delivers both aesthetic appeal and operational efficiency, appealing to today's residential and commercial tenants. The asset features a well-balanced and diversified income stream, consisting of eight residential apartments, two retail storefronts, and one industrial/flex unit. This mix of uses provides multiple revenue channels and helps mitigate risk by reducing reliance on any single tenant category. The residential units benefit from strong demand driven by the property's walkable location, waterfront setting, and scenic river views. Tenants are drawn to the combination of lifestyle and convenience, with immediate access to downtown amenities, dining, and entertainment. The commercial spaces offer excellent visibility and frontage, making them highly attractive for retail, service-based businesses, or flex .
Location
State CT
County New London
Zoning CBD-1
Interior
Heating Zoned
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Tar/Gravel
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Ilir Dedvukaj • Lakeshore Realty
NEARBY SCHOOL & BUSINESS
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