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Three-Story Mixed-Use Building
For Lease
$599,000 NNN (Triple Net)

24 Montauk Ave, New London, CT 06320

C-1 zoning supports recognized mixed commercial and residential use.

Space SizeContact for details
Days on Market36

Property Features for 24 Montauk Ave

General Information

Standard status Active
Zoning C-1 General Commercial District

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $10,881

Building Details

Year Built 1930
Stories 3
Listing Agency: Berkshire Hathaway NE Prop.
Listed By: Jennifer Ferri
Source: Exprealty
Added: Jul 7 Changed: Aug 11 Last Checked: Aug 11 at 10:40AM

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 NE Prop.

Investment Insights

Based on property information with market context.

Located at 24 Montauk Ave in New London, this 1930-built property combines commercial and residential components within a three-story structure. The ground level contains 2,415 SF of finished office and reception space alongside 3,072 SF of warehouse area arranged across three bays. ServiceMaster occupies the ground floor and Unit 1 under a triple-net lease, with Unit 1 providing 914 SF of additional office space.

The third-floor residence measures 709 SF and includes two bedrooms and one bathroom. It is in rent-ready condition. Separate entrances serve the residential units, while a private, gated lot provides secured parking for commercial vehicles. The property is connected to public water and sewer and is located within the C-1 General Commercial District, where mixed commercial and residential use is recognized for pre-1983 structures.

Key Highlights

  • 2,415 SF of finished office and reception space on the ground floor
  • 3,072 SF of warehouse space across three bays
  • 709 SF third‑floor unit with 2BR/1BA layout

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,659
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 - C-1 zoning supports recognized mixed commercial and residential use.
Where is this mixed-use property located?
The property is located at 24 Montauk Ave New London, CT.
What is the lease rate?
The lease rate is $599,000.
What are key features of this property?
This property features: 2,415 SF of finished office and reception space on the ground floor; 3,072 SF of warehouse space across three bays; 709 SF third‑floor unit with 2BR/1BA layout
More about this property
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