Retail/Medical Space with High
For Lease
$17 SF/Yr
48-58 Ocean Avenue, New London, CT 06320
6,120 SF retail/medical space with expansion potential.
Space SizeContact for details
Property Size6,120 SF
Days on Market285
Property Features for 48-58 Ocean Avenue
General Information
Standard status
Active
Size
6,120 SF
Total Parking Spaces
179
Zoning
C-1
Building Details
Building Size
6,120 SF
Year Built
1962
Units
2
Listing Agency:
Samuel Lyman, Broker
(860) 876-0359
Listed By:
Sam Lyman · License #REB.0793484
(860) 876-0359
Source:
Westshorerealty
Added: Nov 12, 2025
Changed: Aug 23
Last Checked: Aug 23 at 6:10AM
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 Samuel Lyman, Broker
Investment Insights
Based on property information with market context.
This 6,120 square foot retail or medical space features high ceilings with a 12-foot clear height. The space was previously occupied and outfitted by a dental practice. A full basement below offers approximately 15,250 square feet with an 8.5-foot clear height. The property includes one dock door and the possibility of a 7,000 square foot expansion area. There is ample parking available, with 8.69 spaces per 1,000 square feet. The property has 400 AMPs and is zoned B-4. The walk score is 91, indicating it is a walker's paradise. The bike score is 49, indicating it is somewhat bikeable, and the transit score is 36, indicating some transit options are available.
Key Highlights
- High walkScore (91, Walker's Paradise)
- 6,120 SF retail/medical space with high ceilings (12' clear height)
- Approximately 15,250 SF full basement below (8.5' clear height)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,105
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 19% above 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 - 6,120 SF retail/medical space with expansion potential.
Where is this retail space located?
The property is located at 48-58 Ocean Avenue New London, CT.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: High walkScore (91, Walker's Paradise); 6,120 SF retail/medical space with **high ceilings (12' clear height)**; Approximately 15,250 SF full basement below (8.5' clear height)
