Three-Story Mixed-Use
For Sale
$1,100,000
464 Ocean, New London, CT 06320
Elevator-served property combines an active food market, private offices, and multiple short-term tenant leases.
Property Size14,388 SF
Price / SF$104.76
Days on Market77
Property Features for 464 Ocean
General Information
Standard status
Active
Size
14,388 SF
Total Parking Spaces
28
Elevators
Yes
Property subtype
Commercial
Building Details
Year Built
1957
Buildings
1
Stories
3
Building Size
14,388 SF
Tenancy
Multi
Listing Agency:
U.S. Properties Real Estate Services, LLC
(860) 437-0101
Listed By:
Susan Howard Cihocki · License #REB.0790924
(860) 691-2011
Source:
Lockandkeyre
Added: Aug 5
Changed: Oct 19
Last Checked: Oct 19 at 10:57AM
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 U.S. Properties Real Estate Services, LLC
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Investment Insights
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This 14,388-square-foot mixed-use building was constructed in 1957 and rises three stories above a full basement. An elevator serves each level, while the current configuration includes an international food market on the first floor and private offices on the upper floors. Multiple tenants occupy the property under short-term leases, providing an existing operating setup alongside future planning flexibility. A fourth floor may be added, subject to approval.
The property includes a rear parking lot with 28 spaces, supplemented by on-street parking along Ocean Avenue. The offering also includes a vacant lot at 104 School Street, located behind the building. The building is owned by a corporation, which may be acquired by the buyer if desired.
The property includes a rear parking lot with 28 spaces, supplemented by on-street parking along Ocean Avenue. The offering also includes a vacant lot at 104 School Street, located behind the building. The building is owned by a corporation, which may be acquired by the buyer if desired.
Key Highlights
- 14,388 SF mixed‑use building constructed in 1957
- Three stories plus a full basement, with elevator service to every level
- First floor occupied by an international food market; upper floors contain private offices
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Elevator-served property combines an active food market, private offices, and multiple short-term tenant leases.
Where is this mixed-use property located?
The property is located at 464 Ocean New London, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 14,388 SF mixed‑use building constructed in 1957; Three stories plus a full basement, with elevator service to every level; First floor occupied by an international food market; upper floors contain private offices
