Mixed-Use Building with Dental
For Sale
$849,000
27 Broad Street, New London, CT 06320
Five-unit Victorian brick building with a ground-floor dental practice and four residential units, fully occupied.
Property Size5,510 SF
Price / SF$154.08
Days on Market51
Property Features for 27 Broad Street
General Information
Standard status
Active
Size
5,510 SF
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
9.81%
Business Included
Yes
Units
Multifamily Units
4
Office Units
1
Taxes and HOA fees
Annual Taxes
$11,862
Amenities
Central air
Sidewalk
Slate Roof
Central Air Cooling
Dry
Gutters
Level Lot
Off Street Parking
Parking Lot
Paved
Steam Heating
Vinyl Flooring
Window Unit Cooling
Wood Flooring
Building Details
Year Built
1900
Listing Agency:
Compass Connecticut, LLC
(860) 572-9099
Listed By:
JASON POLLARD
(860) 887-1122
Source:
Corcoran
Added: Jul 15
Changed: Sep 3
Last Checked: Sep 2 at 7:30PM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
This five-unit Victorian brick mixed-use building, built circa 1900, is fully occupied and designed with a ground-floor commercial component supported by four residential units above. The ground floor is leased to a long-term professional dental practice. The four residential units consist of two 2-bedroom/1-bath apartments and two 1-bedroom apartments, all currently occupied, with heat and hot water owner-paid. Three of the four residential units have been remodeled with LVP flooring, updated kitchens, and stainless appliances, while the building’s original architectural character is preserved throughout.
The property is located at 27 Broad Street in New London, Connecticut. The building is supported by a stabilized in-place NOI and market-rent pro forma NOI, with operating expenses reported annually. Buyers should review the full financial package in the MLS documents and complete independent due diligence on all figures.
The property is located at 27 Broad Street in New London, Connecticut. The building is supported by a stabilized in-place NOI and market-rent pro forma NOI, with operating expenses reported annually. Buyers should review the full financial package in the MLS documents and complete independent due diligence on all figures.
Key Highlights
- Five‑unit Victorian brick mixed‑use building c. 1900 at 27 Broad Street, New London, CT, fully occupied
- Gross annual income of $111,281 with stabilized in‑place NOI of $70,563 and proforma NOI of $88,233
- 9.81% cap rate at the $899,000 asking price (buyers to verify in MLS documents and conduct due diligence)
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit Victorian brick building with a ground-floor dental practice and four residential units, fully occupied.
Where is this apartment building located?
The property is located at 27 Broad Street New London, CT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Five‑unit Victorian brick mixed‑use building c. 1900 at 27 Broad Street, New London, CT, fully occupied; Gross annual income of $111,281 with stabilized in‑place NOI of $70,563 and proforma NOI of $88,233; 9.81% cap rate at the $899,000 asking price (buyers to verify in MLS documents and conduct due diligence)
