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    118 State St New London, CT 06320

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    For Lease
    $3,500 /Mo ($9 SF/Yr)

    4,255 SF restaurant space in prime downtown location.

    Property size:
    4,255 SF
    Lot size:
    0.27 Acres

    Property Features for 118 State St

    General Information

    Standard status
    Active
    Size
    4,255 SF
    Lot size
    0.27 Acres

    Building Details

    Year built
    1920

    Source: U.S. Properties Real Estate Services, LLC Agent CONSTANCE HOWARD

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

    Overview

    Fully Equipped Restaurant Space

    This 4,255 SF restaurant space is available for lease in a prime downtown location, situated between Bank Street and State Street. Formerly the "Copperwood Grill", the space comes fully equipped with restaurant equipment including pizza ovens, a 3-bay sink, a walk-in cooler and freezer, a hood, and a prep area. The space is being offered "as is" for $3,500/month, with electricity included for the first 6 months. Electricity costs are anticipated to be low due to the presence of solar panels on the building. Parking is available on the street, with a municipal lot located across the street. This property is suitable for restaurants, retail properties, and turn-key restaurant operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raczniak Gregory MD Doctor

    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.

    Similar Places Nearby

    The Khaotic Kitchen, Fatboy's Kitchen and Bar

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.095618
    Latitude
    41.354473

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    FAQs

    What type of property is this?
    Restaurant - 4,255 SF restaurant space in prime downtown location.
    Where is this restaurant located?
    The property is located at 118 State St New London, CT.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped 4,255 SF restaurant space ready for immediate operation.; - Prime downtown location on Eugene O'Neill Drive, between Bank Street and State Street.; - Low operating costs: $3,500/month rent with electricity included for the first 6 months.
    (860) 691-2011
    Request Owner's contact information
    118 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
    118 State St New London, CT 06320
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