27 Broad St - Office/Residential FOR SALE


New London, CT 06320
$899,000 USD
860-287-1976
27 Broad St, New London, CT for Sale
$899,000 USD
Office/Residential - FOR SALE
1/8
null | 5.47% Cap Rate

27 Broad St
New London, CT 06320


HIGHLIGHTS

  • Fully Occupied below market rent
  • Long Term Commercial Tenant
  • Plenty of Parking

OVERVIEW

Dental-anchored 5-unit mixed-use in downtown New London, 100% leased. Established dental practice pays $53K+/yr — plus four apartments above (two 2BR/1BA, two 1BR/1BA) with heat & hot water included. Residential rents below market; proforma NOI ~$67K on ~$130K gross. Walkable to rail, waterfront & downtown. Full financial summary attached; figures are estimates subject to buyer's independent due diligence. Turnkey income with real upside.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

5.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,503 SF

ZONING

C-1

APN/PARCEL ID

NLON-000036-000197-000008

ASK ABOUT THIS PROPERTY

Jason PollardCompass ConnecticutMore Info
860-287-1976

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Jason PollardCompass ConnecticutMore Info
860-287-1976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.