Medical Premises

New London, CT Medical Office Space for Sale

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Mixed-Use Five-Unit Brick Building
Updated: Jul 15
Mixed-Use Five-Unit Brick Building

27 Broad Street, New London, CT 06320

$899,000
5,510 sqft 0.31 AC lot
Five‑unit Victorian brick mixed‑use building (c. 1900) generating $111,281 gross annual income with stabilized NOI of $70,563
9.81% cap rate at the $899,000 asking price; proforma NOI of $88,233 at market rents
Ground‑floor dental practice tenant on a long‑term lease paying $4,423/month; four residential units above are fully occupied
Residential mix: two 2BR/1BA units and two 1BR/1BA units; all occupied with heat and hot water owner‑paid
Remodeled residential units include LVP flooring, updated kitchens, and stainless appliances (3 of 4 units)
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Mixed-Use Building with Dental Tenant
Updated: Jul 15
Mixed-Use Building with Dental Tenant

27 Broad Street, New London, CT 06320

$899,000
5,510 sqft
Five‑unit Victorian brick mixed‑use building c. 1900 at 27 Broad Street, New London, CT, fully occupied
Gross annual income of $111,281 with stabilized in‑place NOI of $70,563 and proforma NOI of $88,233
9.81% cap rate at the $899,000 asking price (buyers to verify in MLS documents and conduct due diligence)
Ground‑floor long‑term professional dental practice generates $4,423/month
Four residential units above: two 2BR/1BA and two 1BR/1BA; all occupied with owner‑paid heat and hot water
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Mixed-Use Commercial Buildings For Sale
Mixed-Use Commercial Buildings For Sale

224 Bank St, New London, CT 06320

$3,750,000
48,843 sqft

Four connected buildings totaling 48,843 SF in New London.

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Professional Office Building
Professional Office Building

358 Montauk Ave, New London, CT 06320

Contact for pricing

Well-maintained multi-level office building with multiple private offices, waiting areas, and HVAC in place.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in New London, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Versatile Commercial Space with Upgrades
Versatile Commercial Space with Upgrades

65 Sachem Street, Norwich, CT 06360

$279,000
3,020 sqft

Meticulously maintained commercial space suitable for various business types.

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Office Suite with Basement Storage
Office Suite with Basement Storage

18 Oneco Street Unit 4, Norwich, CT 06360

Contact for pricing
1,247 sqft

Suite includes a lobby/waiting area, three private rooms, a kitchenette, and additional basement storage.

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Newly Renovated Flex Commercial Building
Newly Renovated Flex Commercial Building

82 Airport Road, Westerly, RI 02891

Contact for pricing
3,264 sqft

Newly renovated space with a flexible floor plan that can be divided into up to three units, each with private amenities.

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Turn-Key Medical Office Suite
Turn-Key Medical Office Suite

101 Airport Road, Unit 1S, Westerly, RI 02891

Contact for pricing
995 sqft

First-floor suite with exam rooms and private employee restroom, well suited for orthopedic or other medical practices.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Norwich Commercial Parcel For Sale
Norwich Commercial Parcel For Sale

171 Otrobando Ave, Norwich, CT 06360

$90,000

Multi-use commercial land parcel in a convenient Norwich location.

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6.79 Acres on Merrow Road
6.79 Acres on Merrow Road

248 Merrow Rd, Tolland, CT 06084

$700,000
996 sqft 6.79 AC lot

Commercial land with ranch home in technology campus zone.

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Corner Commercial Land Lot
Corner Commercial Land Lot

3280 E Main Street, Waterbury, CT 06705

$199,000
0.24 AC lot

Corner lot zoned CA in Waterbury, offering approvals for a wide range of commercial and service uses.

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East Moriches Commercial Land Parcel
East Moriches Commercial Land Parcel

34-41 Montauk Highway, East Moriches, NY 11940

$1,289,000
1.45 AC lot

1.45 acre commercial land with permits pending for wellness space.

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Off-Market Properties in New London, CT

Consider similar Off-Market properties in New London, CT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

125 Eugene O'neill Dr
Office Units

125 Eugene O'neill Dr, New London, CT 06320

Value Estimation by Request
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New London, CT Medical Office Space Market Trends and Statistics

Explore 5 medical office space for sale in New London, CT, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 59,863 square feet of properties for sale, with an estimated market value of $5,548,000.

Sale prices for medical spaces in New London, CT start at $899,000, averaging $1,849,333, and reaching up to $3,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Office Units 40
Coworking space 11
Medical Office Space 11
Office buildings 11
Serviced offices 6

Demographics Overview

Population 27K
Population Growth (5Y) +0.7%
Median Household Income $60,224
College Educated 41.7%

High-Yield Neighborhoods for Investment

Identify New London submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
06320 $997K

Taxes & Financing

Tax Rate (average for all types) 3.72%
Property Tax per SF $25.71 per SF
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in New London fall within the 10,000 to 25,000 square foot range.

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