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    153 State St, Unit 106 New London, CT 06320

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    For Lease
    $1,647 /Mo

    Historic mixed-use building in downtown New London with retail/office space.

    Property size:
    81,312 SF
    Lot size:
    0.42 Acres

    Property Features for 153 State St

    General Information

    Standard status
    Active
    Size
    81,312 SF
    Lot size
    0.42 Acres

    Building Details

    Year built
    1885

    Source: SR Commercial Realty Agent PAUL BONGIORNI

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

    Overview

    Downtown Retail/Office Space Available

    Located in the heart of downtown New London, a 1,647 square-foot first-floor retail or office unit is available for lease at Harris Place, a historic mixed-use building. The unit, formerly an art gallery in the atrium area, is suitable for a variety of uses. The property 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. Residential apartments are under construction. Elevator access is available to all floors. An outdoor patio area is also available. The property is conveniently located next to city hall, two blocks from the Thames River waterfront and the Cross Sound Ferry. The location offers proximity to the post office, multiple public parking garages, and an Amtrak station. The property is surrounded by restaurants and local amenities. Other units are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.096246
    Latitude
    41.354697

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    FAQs

    What type of property is this?
    Retail space - Historic mixed-use building in downtown New London with retail/office space.
    Where is this retail space located?
    The property is located at 153 State St, Unit 106 New London, CT.
    What is the lease rate?
    The lease rate is $0.24 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location in historic Harris Place, a mixed-use building.; - Versatile 1,647 SF first-floor unit, great for retail or office.; - Located in CBD-1 zoning, allowing various business types.
    (413) 459-4595
    Request Owner's contact information
    153 State St, Unit 106 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
    153 State St, Unit 106 New London, CT 06320
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