464 Ocean Avenue new Save Request In-Person Tour Request Virtual Tour
New London,CT 06320
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,388 sqft
Price per Sqft $66
MLS Listing ID 24137859
Full Baths 4
Half Baths 2
Year Built 1957
Annual Tax Amount $15,792
Lot Size 8,276 Sqft
Property Description
Discover this exceptional commercial property offering unmatched potential in one of New London's most strategic and high-demand corridors! Perfectly positioned adjacent to Yale New Haven Lawrence + Memorial Hospital and minutes from Mitchell College, Ocean Beach Park, and Downtown New London, this building captures the best of both worlds-a suburban setting with immediate access to city amenities. Major employers such as Electric Boat, Pfizer, and the U.S. Coast Guard drive steady activity and long-term stability in the area. Built with strength, flexibility, and adaptability in mind, this multi-story structure features an operational elevator servicing all floors from the basement through the third level and a full wet fire-suppression system throughout. The layout allows easy division or expansion of units, giving freedom to tailor spaces for office, medical, residential, or mixed-use conversions. An adjacent 28-space parking lot directly behind the building is included in the sale, offering exceptional convenience and added value. Currently 60% occupied and 40% vacant, it provides both income and upside potential. Owner-occupied and meticulously maintained for two decades, 464 Ocean Avenue is a rare, high-opportunity asset ideal for investors or owner-operators looking to scale in New London's growing corridor.
Location
State CT
County New London
Zoning NB
Interior
Interior Features Elevator,Fire Suppression System,Living Space Available,Public Restrooms,Security System,Window Display
Heating Hot Air
Cooling Central Air
Flooring Vinyl,Wall-to-Wall Carpet
Exterior
Exterior Feature Gutters,Lighting,Door Sign
Parking Features Driveway,Paved,Parking Lot
Utilities Available Electric,Gas,Fire Suppression System
Roof Type EPDM Synthetic Rubber,Flat
Building
Lot Description Corner Lot,Level Lot
Story 3
Foundation Block,Concrete
Sewer Public Sewer Connected
Water Public Water Connected