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    70 State St New London, CT 06320

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Office Space, Multiple Sizes Available

    Lot size:
    7,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property in the heart of Downtown New London, Connecticut offers multiple leasing options to suit various business needs. Located at 70 State Street, 06320, this highly professional complex provides 3 available spaces ranging from 1,500 to 4,000 square feet. The property offers a variety of configurations suitable for executive offices, traditional office setups, or coworking arrangements. Its central location provides unparalleled convenience, being directly across the street from the New London Train Station, ensuring easy access for commuters. The property's proximity to I-95 further enhances its accessibility for clients and employees traveling by car. Ample parking is available via a nearby parking garage, eliminating parking hassles. Beyond the practical advantages, the building boasts a beautiful courtyard, offering a pleasant and relaxing outdoor space. This is a unique opportunity to secure prestigious office space in a vibrant and well-connected downtown location. The listed price of $15 per square foot includes utilities, making budgeting simple and predictable. Contact us today to explore the available spaces and find the perfect fit for your business.

    Property Features for 70 State St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,400 SF

    Unit(s) available at that property

    Space
    Union Plaza Bldg. 1 - 2nd Floor
    Size
    1,500 SF
    Rate per SF
    $15
    Space
    Plaza Building
    Size
    4,000 SF
    Rate per SF
    $15
    Space
    Union Plaza - Bldg. 2
    Size
    1,900 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Thames River Wine ... Wine Store Thames River Greenery Florist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -72.0945427
    Latitude
    41.3541245

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    FAQs

    What type of property is this?
    Coworking space - Prime Office Space, Multiple Sizes Available
    Where is this coworking space located?
    The property is located at 70 State St New London, CT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    70 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
    70 State St New London, CT 06320
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