Mixed-Use Portfolio with Car
For Sale
Contact for pricing
Pending
442 Colman St, New London, CT 06320
Multi-tenant commercial portfolio with automotive, laundry, and café operations across three Colman Street addresses.
Property Size9,966 SF
Lot Size1.59 Acres
Days on Market143
Property Features for 442 Colman St
General Information
Standard status
Pending
Size
9,966 SF
Lot size
1.59 Acres
Property subtype
Mixed Use, Special Purpose
Zoning
C-2
Additional Details
Business Included
Yes
Listing Agency:
Seaport Commercial Connecticut
Listed By:
Tim Bray · License #CT.REB0792544
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 30 at 11:44PM
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 Seaport Commercial Connecticut
Investment Insights
Based on property information with market context.
The Colman Street portfolio combines three operating businesses across separate commercial properties in New London. Rapid Car Wash occupies 442 Colman Street, while Laundry For Less uses 2,480 square feet on the first floor of 446 Colman Street. Nowhere Café operates from 1,320 rentable square feet at 454 Colman Street in a building constructed in 1971. The portfolio totals 9,966 square feet on 1.59 acres and is located on C-2-zoned land.
The laundry premises are subject to a triple-net lease executed in July 2021, with a 15-year term and three 5-year renewal options. The café lease provides mutual 120-day notice to quit. Rapid Car Wash has operated for over fifty years, and Nowhere Café has served the community since 1989. The included businesses span car wash, laundromat, and café uses, providing a varied operating profile within one offering.
The laundry premises are subject to a triple-net lease executed in July 2021, with a 15-year term and three 5-year renewal options. The café lease provides mutual 120-day notice to quit. Rapid Car Wash has operated for over fifty years, and Nowhere Café has served the community since 1989. The included businesses span car wash, laundromat, and café uses, providing a varied operating profile within one offering.
Key Highlights
- 9,966 square feet across the portfolio on 1.59 acres
- C‑2‑zoned land spanning three Colman Street addresses
- Rapid Car Wash business and property at 442 Colman Street
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
413
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant commercial portfolio with automotive, laundry, and café operations across three Colman Street addresses.
Where is this mixed-use property located?
The property is located at 442 Colman St New London, CT.
What are key features of this property?
This property features: 9,966 square feet across the portfolio on 1.59 acres; C‑2‑zoned land spanning three Colman Street addresses; Rapid Car Wash business and property at 442 Colman Street
