Renovated Mixed-Use
New
For Sale
$1,500,000
224-230 State Street, New London, CT 06320
Commercial For Sale, New London, CT
Property Size8,572 SF
Lot Size0.18 Acres
Price / SF$174.99
Days on Market2
Property Features for 224-230 State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD-1
Directions
GPS
Standard status
Active
Size
8,572 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
10362
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Listing Agency:
RE/MAX Coast and Country · RE/MAX International
(860) 536-7600
Listed By:
Rebecca Missios · License #res.0826089
(860) 460-3651
Added: Sep 16
Last Checked: Sep 17 at 10:06PM
MLS# 24207695
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,572-square-foot mixed-use property includes an approximately 3,000-square-foot convenience store and deli renovated in 2025. The commercial space features new appliances, a Cold Brew Bar, and a new, inspected Ledge Light ancillary and fire-suppression system. Public water and public sewer serve the property.
The approximately 2,000-square-foot upper level is furnished and configured as a two-bedroom, two-bath apartment. The space supports residential occupancy and provides flexibility for owner use or rental income, subject to applicable requirements. The 0.18-acre property is zoned CBD-1 and was originally built in 1930.
Approximately 40 new apartments are under construction on the abutting parcel, adding residential development immediately adjacent to the property. Additional upper-level repositioning may be possible subject to zoning, building, fire, and permitting requirements.
The approximately 2,000-square-foot upper level is furnished and configured as a two-bedroom, two-bath apartment. The space supports residential occupancy and provides flexibility for owner use or rental income, subject to applicable requirements. The 0.18-acre property is zoned CBD-1 and was originally built in 1930.
Approximately 40 new apartments are under construction on the abutting parcel, adding residential development immediately adjacent to the property. Additional upper-level repositioning may be possible subject to zoning, building, fire, and permitting requirements.
Key Highlights
- Approximately 3,000‑square‑foot convenience store and deli renovated in 2025
- Approximately 2,000‑square‑foot furnished upper level configured as a two‑bedroom, two‑bath apartment
- New appliances and Cold Brew Bar in the commercial space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Holiday Inn New London - Mystic Area
Hotels & Casinos
5,097 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD-1 property combines a renovated convenience store and deli with furnished upper-level residential space.
Where is this mixed-use property located?
The property is located at 224-230 State Street New London, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,000‑square‑foot convenience store and deli renovated in 2025; Approximately 2,000‑square‑foot furnished upper level configured as a two‑bedroom, two‑bath apartment; New appliances and Cold Brew Bar in the commercial space
