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Downtown New London Retail/Office Space
For Lease
$1,258/Mo

153 State Street #M102, New London, CT 06320

First-floor retail or office space in historic mixed-use building.

Space SizeContact for details
Days on Market1258

Property Features for 153 State Street #M102

General Information

Standard status Active

Building Details

Year Built 1885
Listing Agency: SR Commercial Realty
Listed By: PAUL BONGIORNI · License #REB.0793882
Source: Corcoran
Added: Mar 13, 2023 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 SR Commercial Realty

Investment Insights

Based on property information with market context.

Located in downtown New London, this approximately 1,258 SF first-floor unit at Harris Place is suitable for retail or office use. The historic mixed-use building offers visibility on Masonic Street and features large windows providing natural light. The unit contains two rooms and is located within a CBD-1 (Central Business District-1) zone, which encourages a variety of retail businesses, business and professional offices, service businesses, entertainment, and cultural establishments. Internal building amenities include a library/reading room, a conference center, and a glass-roofed atrium seating area. Elevator access is available to all floors. An outdoor patio area is also available. Residential apartments are under construction in the building. The property is conveniently located next to city hall, two blocks from the Thames River waterfront and the Cross Sound Ferry. The location offers proximity to the post office, multiple public parking garages, and an Amtrak station. The property is surrounded by restaurants and local amenities and is near Merrill, Morgan Stanley, Connecticut College, the U.S. Coast Guard Academy, and General Dynamics/Electric Boat. Other units are available.

Key Highlights

  • Prime downtown New London location in a historic mixed‑use building with high visibility on Masonic Street.
  • Versatile space suitable for retail or office use, featuring large windows and natural light.
  • Convenient access to amenities including a library/reading room, conference center, and outdoor patio.

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

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

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail or office space in historic mixed-use building.
Where is this retail space located?
The property is located at 153 State Street #M102 New London, CT.
What is the lease rate?
The lease rate is $1,258/Mo.
What are key features of this property?
This property features: Prime downtown New London location in a historic mixed‑use building with high visibility on Masonic Street.; Versatile space suitable for retail or office use, featuring large windows and natural light.; Convenient access to amenities including a library/reading room, conference center, and outdoor patio.
More about this property
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