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Downtown New London Retail/Office Space
For Lease
$2,162/Mo

153 State Street #M103, New London, CT 06320

2,162 SF retail or office space in historic building.

Space SizeContact for details
Days on Market1258

Property Features for 153 State Street #M103

General Information

Standard status Active

Building Details

Year Built 1885
Listing Agency: SR Commercial Realty
Listed By: PAUL BONGIORNI · License #REB.0793882
Source: Corcoran
Added: Mar 13, 2023 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 SR Commercial Realty

Investment Insights

Based on property information with market context.

Located in downtown New London, this approximately 2,162 SF first-floor unit is available for lease within Harris Place, a historic mixed-use building. The space is suitable for retail or office use and features visibility on Masonic Street and natural light from large windows. The unit contains two rooms. The building is located in a CBD-1 (Central Business District-1) zone, which encourages a variety of retail businesses, business and professional offices, service businesses, entertainment, and cultural establishments. Internal amenities include a library/reading room, a conference center, and a glass-roofed atrium seating area. Elevator access is available to all floors. An outdoor patio area is also available. Residential apartments are under construction. The property is located next to city hall, two blocks from the Thames River waterfront and the Cross Sound Ferry. The location is near the post office, multiple public parking garages, and an Amtrak station. The property is surrounded by restaurants and local amenities. Upper floor units offer views of the city and the waterfront. The property is located near Merrill, Morgan Stanley, Connecticut College, the U.S. Coast Guard Academy, and General Dynamics/Electric Boat. Other units are available.

Key Highlights

  • Prime downtown location in a historic mixed‑use building with high visibility on Masonic Street.
  • Versatile 2,162 SF first‑floor unit suitable for retail or office use, zoned CBD‑1.
  • Abundant natural light from large windows.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

1,607
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

Lease Benchmarks for New London, CT

$13.62 /SF/Yr
Avg Asking Price
$2.48–$27.44 /SF/Yr
Price Range
12,933 SF
Avg Space Size

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 units - 2,162 SF retail or office space in historic building.
Where is this office units located?
The property is located at 153 State Street #M103 New London, CT.
What is the lease rate?
The lease rate is $2,162/Mo.
What are key features of this property?
This property features: Prime downtown location in a historic mixed‑use building with high visibility on Masonic Street.; Versatile 2,162 SF first‑floor unit suitable for retail or office use, zoned CBD‑1.; Abundant natural light from large windows.
More about this property
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