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    89 Viets St New London, CT 06320

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    For Sale
    $4,699,000

    26,727 SF building near Yale New Haven Hospital.

    Lot size:
    2.13 Acres

    Property Features for 89 Viets St

    General Information

    Lot size
    2.13 Acres

    Building Details

    Year built
    1967

    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

    New London Commercial Building Conversion

    This 26,727 SF commercial building is situated on 2.13 acres in close proximity to Yale New Haven Hospital, Ocean Beach, and downtown New London. The property, previously used as a drug rehab facility, features 40 individual rooms, each equipped with bathrooms and mini-split HVAC units. It also includes 2 large conference rooms, a full kitchen, and numerous storage units, along with multiple bathrooms and showers in the hall. The finished 4,241 SF basement comprises bathrooms, meeting rooms, shop space, and a laundry room. The building has a new roof installed in 2021, as well as new LED lighting, window treatments, and flooring. A 350 KW diesel generator is located on site. Zoned R-3, the property is suitable for conversion to residential apartments. It is handicap accessible and offers parking for 30 cars, with the potential to add more parking on the acreage. The property is situated on a cul-de-sac in a park-like setting. The previous use was a drug treatment facility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Praxis of New London ... Addiction Treatment Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -72.110852
    Latitude
    41.338212

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    FAQs

    What type of property is this?
    Rehabilitation center - 26,727 SF building near Yale New Haven Hospital.
    Where is this rehabilitation center located?
    The property is located at 89 Viets St New London, CT.
    What is the asking price?
    The asking price for this property is $4,699,000.
    What are key features of this property?
    This property features: - Excellent conversion opportunity to residential apartments due to R-3 zoning.; - 26,727 SF commercial building on 2.13 acres in close proximity to Yale New Haven Hospital, Ocean Beach and downtown New London.; - Features 40 individual rooms with bathrooms and mini-split HVAC units.
    (615) 293-3878
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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
    89 Viets St New London, CT 06320
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