464 Ocean Ave New London, CT 06320
- Showrooms
- 10,500 SF
- 0.19 lot acres
Current Use by Public Records
- New England Cognitive Center Inc / Psychologist
- Saeed's International Market / Grocery Store
- Lucy Solari / Marriage Or Relationship Counselor
- L & M Healthcare Workers Union / Labor Union
Property Details for 464 Ocean Ave
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.19 lot acres
- Property size
- 10,500 SF
- Property type
- Showrooms
- APN
- NLON M:E20 B:0065 L:0034
- APU
- NLONME20B0065L0034
Description
This exceptional executive office space at 464 Ocean Avenue in New London, CT, offers five distinct suites for lease, ranging from 150 to 1,700 square feet. The entire 3,920 square foot building is currently available. Each suite is ideal for small businesses or entrepreneurs seeking a professional and convenient work environment. Lease options include a 1,700 sq ft space at $2,100 per month, a 1,000 sq ft space at $1,300 per month, a 900 sq ft space at $1,200 per month, a 170 sq ft space at $450 per month, and a 150 sq ft space at $400 per month. The building is a three-story structure equipped with a convenient elevator for easy access to all floors. Tenant responsibilities include electricity, while the landlord covers heating, air conditioning, and water costs. Ample parking is available in the lot located at the rear of the building. This property presents a unique opportunity to establish a presence in a desirable New London location, offering a blend of modern amenities and convenient features. The address is 464 Ocean Ave, New London, CT 06320. The property is categorized as an executive office space with multiple tenancy options.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $621,000
- AI Estimate
- $582,000
Market price range: $409k - $1.21MMarket price range: $409k - $1.26M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $815,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $955,000 Change: +17% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- New London
- County
- New London
- State
- Connecticut
- Longitude
- -72.1041
- Latitude
- 41.3336
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA