464 Ocean Ave - Office FOR SALE


New London, CT 06320
$1,100,000 USD
860-941-0694
464 Ocean Ave, New London, CT for Sale
$1,100,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

464 Ocean Ave
New London, CT 06320


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Professional Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

Commercial

APN/PARCEL ID

NLON-000016-000065-000034

ASK ABOUT THIS PROPERTY

Susan Howard CihockiU.S. Properties Real Estate Services, LLCMore Info
860-941-0694

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Susan Howard CihockiU.S. Properties Real Estate Services, LLCMore Info
860-941-0694

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