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Modern Office Building with Water Views
For Lease
$18 SF/Yr

1 Chelsea Street, New London, CT 06320

Four-story office building in waterfront development with flexible configurations.

Space SizeContact for details
Lot Size2.64 Acres
Days on Market1004

Property Features for 1 Chelsea Street

General Information

Standard status Active
Lot size 2.64 Acres
Property subtype Commercial

Amenities

Central air
Central Air Cooling
Hot Air Heating
Tar/Gravel Roof

Building Details

Year Built 1990
Listing Agency: US Properties
Listed By: SUSAN HOWARD CIHOCKI · License #REB.0790924
Source: Corcoran
Added: Nov 21, 2023 Changed: Aug 8 Last Checked: Aug 8 at 11:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of US Properties

Investment Insights

Based on property information with market context.

This modern four-story office building is situated in the Fort Trumbull waterfront development, offering views of the water. The building features a passenger elevator and a freight elevator, along with one covered loading dock. The first floor has available spaces of 1,700 square feet and 2,600 square feet. The second floor offers 23,000 square feet, divisible into 5,448 square feet, 7,042 square feet, and 6,594 square feet sections. The third and fourth floors are currently occupied by the United States Coast Guard. Ample parking is available in a well-lit lot, set in a park-like environment. The lease rate is $18.50 per square foot, plus electric.

Key Highlights

  • Prime waterfront location in Fort Trumbull development.
  • Flexible office configurations available on multiple floors.
  • Ample parking in a well‑lit lot with a park‑like setting.

Property Analytics

Current Use

US Coast Guard ... Government Office ABS Consulting Inc Business Management Consultant Alion Science & Technology Engineering Consultant Brakus O'Kon and Gleason Construction Company

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,123
Businesses Nearby

Demographics for 06320, CT

27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office building in waterfront development with flexible configurations.
Where is this office building located?
The property is located at 1 Chelsea Street New London, CT.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime waterfront location in Fort Trumbull development.; Flexible office configurations available on multiple floors.; Ample parking in a well‑lit lot with a park‑like setting.
More about this property
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