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Downtown New London Retail Space
For Lease
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128-138 State St, New London, CT

Recently renovated retail space in downtown New London.

Space Size1,500 SF
Lot Size0.27 Acres
Days on Market318

Property Features for 128-138 State St

General Information

Standard status Active
Size 1,500 SF
Lot size 0.27 Acres
Property subtype RETAIL

Spaces For Lease

at 128-138 State St Contact us

128 State St $2,500/Mo

Floor
1
Size
1,500 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- One commercial unit for lease in the heart of downtown New London. 1,500 SF. Recently...
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Listing Agency: U.S. Properties
Listed By: Connie Howard
Source: Moodyscre
Added: Oct 9, 2025 Changed: Aug 8 Last Checked: Aug 21 at 3:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of U.S. Properties

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,607
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 100%
Holiday Inn New London - Mystic Area Hotels & Casinos
5,097 visits/mo 0.2 miles

Market

Lease Benchmarks for New London, CT

$14.31 /SF/Yr
Avg Asking Price
$4.04–$37.89 /SF/Yr
Price Range
16,198 SF
Avg Space Size

This space is priced 40% above the average of $14.31 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

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 $2,500/Mo.
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 Call to check price and availability
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