Listing Agency: US Properties Inc

Listed By: Susan Howard · License #REB.0790910 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Sep 4 at 7:54AM

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Investment Insights

Based on property information with market context.

This retail space is a commercial building at 29 Westwood Ave. in New London, Connecticut. Its prior use was as a dry cleaner, and related equipment remains inside the property. The equipment can stay in place or be removed by the owner, giving the next occupant flexibility in configuring the space for a commercial operation.

Key Highlights

• Retail space in a commercial building
• Former dry cleaner use
• Existing equipment remains on site

Property Analytics

Property Profile

Current Use

Coastal Welding & Marine ... General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Garden Center Daycare Center Cafe & Coffee Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

935

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Existing equipment remains in place and may be retained or removed by the owner.

Where is this retail space located?

The property is located at 29 Westwood Ave. New London, CT.

What are key features of this property?

This property features: Retail space in a commercial building; Former dry cleaner use; Existing equipment remains on site