281 State St New London, CT 06320
This exceptional commercial property at 281 State Street in New London, Connecticut, offers a unique opportunity for businesses seeking versatile office or retail space. The building, totaling 2,459 square feet, is situated on a 0.54-acre lot and features multiple tenancy options. Three spaces are currently available, ranging from 800 square feet to the entire 2,459 square feet, providing flexibility for various business needs. The minimum divisible space is 2,200 square feet, with a maximum contiguous space of 2,459 square feet. The property's classification includes Traditional Office, Commercial, and Creative Office uses, catering to a wide range of potential tenants. Its prime location offers excellent visibility and foot traffic, boasting proximity to the Garde Arts Center, restaurants, the library, and the courthouse. The lease rate is $14.00 per square foot gross. This property presents a compelling investment opportunity in a vibrant and convenient location within New London, CT, zip code 06320. The building's versatile layout and desirable location make it an ideal choice for businesses seeking a high-profile presence in a thriving community. Contact us today to learn more about this exceptional opportunity.
-
Bath Planet- New London Bathroom Remodeling, Bathtub & Shower Installation Renovation Specialist General Contractor
-
Mohican Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.