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    128-138 State St New London, CT 06320

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    For Lease
    $2,500 /Mo ($20 SF/Yr)

    Recently renovated retail space in downtown New London.

    Property size:
    1,500 SF
    Lot size:
    0.27 Acres

    Property Features for 128-138 State St

    General Information

    Size
    1,500 SF
    Lot size
    0.27 Acres

    Source: U.S. Properties Agent Connie Howard

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

    Overview

    Downtown New London Retail Space

    This commercial unit, offering 1,500 square feet, is available for lease in downtown New London. The space has been recently renovated and features new hardwood floors, a handicap-accessible bathroom, and central air conditioning. The property is located in close proximity to the Amtrak and Ferry stations, as well as the Garde Theater. It is adjacent to Jake’s Diner, offering excellent visibility for businesses, retail ventures, or offices.
    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
    -72.095618
    Latitude
    41.354473

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    FAQs

    What type of property is this?
    Retail space - Recently renovated retail space in downtown New London.
    Where is this retail space located?
    The property is located at 128-138 State St New London, CT.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility in the heart of downtown New London.; - Recently renovated with **new hardwood floors, handicap bath, and central AC.**; - 1,500 SF commercial unit suitable for retail or office.
    (860) 437-0101
    Request Owner's contact information
    128-138 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
    128-138 State St New London, CT 06320
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