Retail/Office Space Near Arts
For Lease
$14 SF/Yr
281 State Street, New London, CT 06320
Retail or office spaces available near Garde Arts Center.
Space SizeContact for details
Lot Size0.54 Acres
Days on Market1250
Property Features for 281 State Street
General Information
Standard status
Active
Lot size
0.54 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$280,856
Amenities
Flat Roof
Hot Water Heating
Tar/Gravel Roof
Zero Lot Line
Building Details
Year Built
1890
Listing Agency:
US Properties
(860) 437-0101
Listed By:
SUSAN HOWARD CIHOCKI · License #REB.0790924
Source:
Corcoran
Added: Mar 21, 2023
Changed: Aug 9
Last Checked: Aug 9 at 8:07PM
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 US Properties
Investment Insights
Based on property information with market context.
Available for lease are office or retail spaces of 800 SF (400 SF per floor), 1,107 SF, and 2,459 SF. The location is suitable for retail or office use, benefiting from foot traffic. The property is situated near the Garde Arts Center, restaurants, a library, and the court house. The lease rate is $14.00 per square foot on a gross basis.
Key Highlights
- Multiple size options: Choose from 800 SF, 1,107 SF, and 2,459 SF spaces available.
- High‑traffic location**: Ideal for retail or office businesses.
- Prime location near Garde Arts Center, restaurants, library, and courthouse.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,665
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
Lease Benchmarks for New London, CT
$14.31 /SF/Yr
Avg Asking Price
$4.04–$37.89 /SF/Yr
Price Range
16,198 SF
Avg Space Size
This space is priced 2% below the average of $14.31 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail or office spaces available near Garde Arts Center.
Where is this retail space located?
The property is located at 281 State Street New London, CT.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Multiple size options: Choose from 800 SF, 1,107 SF, and **2,459 SF spaces available**.; High‑traffic location**: Ideal for retail or office businesses.; Prime location near Garde Arts Center, restaurants, library, and courthouse.
