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    153 State St New London, CT 06320

    For Lease
    $15 SF/Yr
    Lot size:
    81,312 SF
    Added:
    Dec 11, 2024
    Days on Market:
    369

    Property Features for 153 State St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,312 SF
    Total Rate
    101640

    Building Details

    Year Built
    1885
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Atrium 101
    Size
    1,303 SF
    Rate per SF
    $15
    Space
    Unit 220
    Size
    346 SF
    Rate per SF
    $24
    Space
    Unit 319
    Size
    704 SF
    Rate per SF
    $18
    Space
    Unit 405
    Size
    1,007 SF
    Rate per SF
    $20
    Space
    Unit 322
    Size
    426 SF
    Rate per SF
    $22

    HighLights

    • Convenient location with street parking and nearby off‑street lots.
    • Less than a 1/5 mile from New London City Pier and Thames River waterfront.
    • Adjacent to City Hall.
    • CBD‑1 zoning allows for diverse commercial uses.
    • Attractive glass‑roofed atrium common area.
    • On‑site library/reading room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    New London
    State
    Connecticut
    Longitude
    -72.0959341
    Latitude
    41.3549413

    Nearby Similar for Lease

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    • $1,200 /Mo
      800 SF

      Office Space in Historic Building

      800 sq ft office space for lease in New London.
      245 Shaw St, New London, CT 06320
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    • $17 SF/Yr
      1,132 SF

      Retail/Office Space in New London

      Retail or office space with high visibility and parking.
      153 Bank St, New London, CT 06320
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    • $1,700 /Mo
      1,500 SF

      Historic Firehouse Commercial Rental

      Prime commercial space in New London with flexible layout.
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    • $1,200 /Mo
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      Office/Flex Space with Garage Bay

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    • $2,162 /Mo
      81,312 SF

      Downtown New London Retail/Office Space

      2,162 SF retail or office space in historic building.
      153 State St, New London, CT 06320
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    FAQs

    Where is this medical office located?
    The property is located at 153 State St New London, CT.
    What is the lease rate?
    The lease rate is $15-$24 SF/Yr.
    What are key features of this property?
    This property features: Convenient location with street parking and nearby off-street lots.; Less than a 1/5 mile from New London City Pier and Thames River waterfront.; Adjacent to City Hall.
    Request Owner's contact information
    153 State St New London, CT 06320
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    New London, CT 06320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153 State St New London, CT 06320
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