Financial
Distress signals
Property profile

89 Viets St New London, CT 06320

OFF-MARKET
Showrooms
Property ID
US15-1058853
26,727 SF 2.13 ac lot Built 1967
Last sale Feb 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 26,727-square-foot commercial building on 2.13 acres, situated near Yale New Haven Hospital, Ocean Beach, and downtown New London, and located on a cul-de-sac in a park-like setting. It was previously used as a drug rehabilitation/treatment facility and is zoned R-3, providing suitability for conversion to residential apartments. The building includes 40 individual rooms, each with an attached bathroom and mini-split HVAC units, as well as two large conference rooms, a full

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$112k
Tax billed · 2023
Assessed value$2.99M
Assessed land$347k
Assessed improvement$2.65M
Effective rate3.72%

Value estimate

· Sep 2026
$3.15M
$2.84M – $3.47M
Submarket $/SF estimate$3.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
ZIP average, outlier-cleaned · 112 recorded sales of this use type
Observed band · Q1–Q3$39 – $116

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNEW LONDON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.9
Electrical Service10.1
Daycare Center10.0

Location

89 Viets St New London, CT 06320-3355
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
179 Colman, New London, CT 06320-3534 $1,450,000 Jan 2026 10,856 SF
139 Shaw, New London, CT 06320-4960 $400,000 Nov 2025 9,120 SF
190 Broad, New London, CT 06320-5367 $950,000 May 2025 5,613 SF
109-111 Bank, New London, CT 06320 $795,000 Mar 2025 7,023 SF
36 Truman, New London, CT 06320-5056 $455,000 Jan 2025 6,480 SF
425 Montauk, New London, CT 06320-4642 $510,000 Oct 2024 5,809 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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