Mixed-Use Property with
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
Use GPS. Building is on State Street in downtown New London.
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 One · RE/MAX International
(860) 444-7362
Listed By:
Rebecca Missios · License #res.0826089
(860) 460-3651
Added: Nov 2
Last Checked: Nov 3 at 2:06PM
MLS# 24218428
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a convenience store and deli with furnished residential space above. The commercial area is approximately 3,000 square feet and received renovation work in 2025, including new appliances and a cold brew bar. The deli also has a new, inspected Ledge Light ancillary and fire-suppression system.
The approximately 2,000-square-foot upper level is configured as a two-bedroom, two-bath apartment. The 0.18-acre property is zoned CBD-1 and served by public water and public sewer. Approximately 40 apartments are under construction on the abutting parcel.
The approximately 2,000-square-foot upper level is configured as a two-bedroom, two-bath apartment. The 0.18-acre property is zoned CBD-1 and served by public water and public sewer. Approximately 40 apartments are under construction on the abutting parcel.
Key Highlights
- Convenience store and deli occupy approximately 3,000 square feet
- Renovation work completed in 2025, including new appliances and a cold brew bar
- Furnished upper level has approximately 2,000 square feet and a two‑bedroom, two‑bath layout
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
Yes
Commercial hood
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated in 2025, the property includes a furnished two-bedroom, two-bath upper-level apartment.
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: Convenience store and deli occupy approximately 3,000 square feet; Renovation work completed in 2025, including new appliances and a cold brew bar; Furnished upper level has approximately 2,000 square feet and a two‑bedroom, two‑bath layout
