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Mixed-Use Building with Passenger Elevator
For Sale
$2,175,000

12 Masonic St, New London, CT 06320

Mixed-use building combining first-floor retail/office space, upper office suites, and four recently converted apartments.

Property Size20,948 SF
Price / SF$103.83
Days on Market41

Property Features for 12 Masonic St

General Information

Standard status Active
Size 20,948 SF
Property subtype Commercial
Zoning CBD-1

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $39,298

Amenities

passenger elevator
atrium area

Building Details

Year Built 1885
Tenancy Multi
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #9575704
Source: Davejonesrealty
Added: Jul 26 Changed: Sep 2 Last Checked: Sep 4 at 7:08AM

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 Pioneer CRE

Investment Insights

Based on property information with market context.

12 Masonic Street is a mixed-use building with first-floor retail/office space, upper-level office suites, and four recently converted apartments. The property has undergone mechanical and cosmetic upgrades, and it includes a passenger elevator and a prominent atrium area.

The building is centrally located near City Hall and across the street from The Eastern CT Chamber of Commerce. It is within eyeshot of the Amtrak/CTrail Shore Line East train station and the Block Island, Fishers Island, and Cross Sound ferries, with the New London Public Library and Garde Arts Center also nearby.

Upper floors offer views of the Thames River and surrounding areas.

Key Highlights

  • +/-20,948 SF mixed‑use building with first‑floor retail/office, upper office suites, and four recently converted apartments
  • Passenger elevator and recently completed mechanical and cosmetic upgrades
  • Recently converted apartments with plans for additional units

Property Analytics

Current Use

Office buildings

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,607
Businesses Nearby

Demographics for 06320, CT

27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building combining first-floor retail/office space, upper office suites, and four recently converted apartments.
Where is this mixed-use property located?
The property is located at 12 Masonic St New London, CT.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: +/-20,948 SF mixed‑use building with first‑floor retail/office, upper office suites, and four recently converted apartments; Passenger elevator and recently completed mechanical and cosmetic upgrades; Recently converted apartments with plans for additional units
More about this property
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