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    281 State St New London, CT 06320

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    For Sale
    Contact for pricing

    Office or retail spaces available in a high-traffic downtown area.

    Property size:
    2,459 SF
    Lot size:
    0.54 Acres

    Property Features for 281 State St

    General Information

    Standard status
    Active
    Size
    2,459 SF
    Lot size
    0.54 Acres

    Building Details

    Year built
    1890
    Source: Corcoran

    Listing Agent: Susan Howard Cihocki

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Space in Downtown Location

    This property offers multiple spaces suitable for office or retail use. Available spaces include 800 SF (400 SF per floor), 1,107 SF, and 2,459 SF. The location benefits from significant foot traffic and is situated near the Garde Arts Center, various restaurants, a library, and the courthouse. The lease rate is $14.00 PSF gross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bath Planet- New ... Bathroom Remodeler Mohican Apartments Apartment Building

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.098432
    Latitude
    41.355063

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    FAQs

    What type of property is this?
    Office space - Office or retail spaces available in a high-traffic downtown area.
    Where is this office space located?
    The property is located at 281 State St New London, CT.
    What are key features of this property?
    This property features: - High-traffic location ideal for retail or office.; - Flexible space options: 800 SF, 1,107 SF, and 2,459 SF available.; - Close proximity to Garde Arts Center, restaurants, library, and courthouse.
    (860) 691-2011
    Request Owner's contact information
    281 State St New London, CT 06320
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    New London, CT 06320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    281 State St New London, CT 06320
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