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Mixed-Use Office and Warehouse Building
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24-26 Montauk Avenue, New London, CT 06320

Three-story mixed-use property with ground-floor office/warehouse space and two residential units above, including gated commercial vehicle parking.

Property Size7,110 SF
Price / SF$84.25
Days on Market53

Property Features for 24-26 Montauk Avenue

General Information

Standard status Active
Size 7,110 SF
Property subtype Mixed Use
Zoning C-1 General Commercial District
Lease Type Modified Gross
Investment Type Stabilized
Net Operating Income $41,374

Additional Details

Multifamily Units 2

Building Details

Year Built 1930
Buildings 1
Stories 3
Units 2
Tenancy Multi
Listing Agency: Berkshire Hathaway New England Properties
Listed By: Kyle Schrader · License #RES.0808754
Source: Crexi
Added: Jul 8 Changed: Aug 15 Last Checked: Aug 26 at 1:20PM

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 Berkshire Hathaway New England Properties

Investment Insights

Based on property information with market context.

24–26 Montauk Avenue is a three-story mixed-use building that combines ground-floor office/warehouse space with two residential units on the upper floors. The ground-floor office/warehouse area is fully occupied under a triple-net lease by an established tenant, with one second-floor unit used as tenant overflow office space. The third-floor residential unit is vacant and move-in ready.

The property is located on Montauk Avenue in New London’s C-1 commercial corridor and is described as anchored by ServiceMaster, which occupies the ground-floor office/warehouse space and the second-floor unit. The building includes a private parking lot with gated, secured parking for commercial vehicles, along with separate private entrances for the residential units above.

Key Highlights

  • Three‑story mixed‑use building built in 1930 with ground‑floor office/warehouse space and two residential units above
  • Ground‑floor office/warehouse space is fully occupied by an established tenant on a triple‑net (NNN) lease
  • Second‑floor unit is occupied/used as tenant overflow office space, while the third‑floor unit is vacant and move‑in ready

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Garden Center Locksmith Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Daycare Center

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,659
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Similar Off Market Nearby

  • The Khaotic Kitchen 111 Montauk Ave, New London, CT 06320
  • Fatboy's Kitchen and Bar 194 bank st, new london, ct 06320

Frequently Asked Questions

What type of property is this?
Flex space - Three-story mixed-use property with ground-floor office/warehouse space and two residential units above, including gated commercial vehicle parking.
Where is this flex space located?
The property is located at 24-26 Montauk Avenue New London, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑story mixed‑use building built in 1930 with ground‑floor office/warehouse space and two residential units above; Ground‑floor office/warehouse space is fully occupied by an established tenant on a triple‑net (NNN) lease; Second‑floor unit is occupied/used as tenant overflow office space, while the third‑floor unit is vacant and move‑in ready
More about this property
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