Rare opportunity to acquire a 14,388/SF highly adaptable commercial property in one of New London's strongest professional corridors. Three stories with the possibility of adding a fourth floor (subject to approval). Approximately 3500 SF per floor. Elevator services all floors including the full basement. Occupied with multiple tenants having short term leases for new owner's future plans. Parking lot behind building for 28 cars. There is also on street parking available in front of the building. First floor currently houses an International food market. Second and third floors have private offices. Price includes vacant lot located behind building, 104 School Street. Building is owned by a corporation. Buyer can buy the corporation if desired.
| Listing Id: | 24197113 |
|---|---|
| List Price: | $1,100,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bank Owned Property: | No |
| Living Area Sqft Per Public Record: | 10,500 |
| Property Tax: | $15,734 |
| Acres: | 0.19 |
| Direct Waterfront Yn: | No |
| City: | New London |
| County: | New London |
| Postal Code: | 06320 |
| Year Built: | 1957 |
| Total Number Of Units: | 11 |
| Agent Owner Yn: | No |
| Assessed Value: | $580,600 |
| Basement Description: | No |
| Comp Only Manual Yn: | No |
| Cooling System: | Central Air |
| Current Price: | $1,100,000.00 |
| Directions: | Bank Street to Ocean Avenue |
| Display Fair Market Value Yn: | Yes |
| Documents Available: | Brochure |
| Electric Phases: | 3 |
| Foundation Type: | Block, Concrete |
| Heat Fuel Type: | Gas In Street |
| Heat Type: | Hot Air |
| Interior Features: | Elevator |
| Listing Contract Date: | 2026-08-05 |
| Location: | Other |
| Lot Description: | Corner Lot, Level Lot |
| Mil Rate Total: | $27.10 |
| Status: | Active |
| Occupied By: | Tenant |
| Original List Price: | $1,100,000 |
| Parcel Number: | 1997854 |
| Parking Spaces Uncovered: | 28 |
| Possession Availability: | Immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 941-0694 |
| Price: | $1,100,000 |
| Road Frontage Description: | Municipal Street |
| Roof Information: | EPDM Synthetic Rubber, Flat |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Office: | 7,000 |
| Sq Ft Retail: | 3,500 |
| Sq Ft Source: | Public Records |
| Sq Ft Total: | 10,500 |
| Tax Year: | July 2026-June 2027 |
| Under Agreement Yn: | No |
| Utilities Available: | Electric |
| Water Source: | Public Water Connected |
| Zoning: | NB |
Listing Courtesy of: U.S. Properties Real Estate Services, LLC
Listing Agent: Susan Howard Cihocki
(860) 941-0694
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Smart MLS Inc. data last updated on October 08, 2026 06:45 PM - ET
Property Last Updated: October 08, 2026 06:45 PM - ET
