Smart MLS #24037285
464 Ocean Ave,
New London, CT 06320
For Sale
Commercial$750,000
14388 Sqft · 10 Units · INV
Unique opportunity to purchase steel constructed flexible building with full basement, elevator, sprinkler system, and adjacent paved parking lot for approx 28 cars. currently 75 % occupied with month to month leases to allow new owner to realize future plans, design, and use. one block south of lawrence and memorable hospital and approximately 2 miles to ocean beach. currently housing international food market on ground floor with 2nd and 3rd stories set up for flexible office space. rare opportunity for flexible use and the benefits of paved parking lot. usable area 3597 sq. ft per floor and basement
Map
Listing
Market Stats
- List $750,000
- 238 Days on Market
Real Estate Agent
Details
Building
- Built 1957
- 10 Units
Sqft
- 14388 Total Sqft
- 3597 Sqft of Retail
- 7194 Sqft of Office
Lot / Land
- 0.19 Acres
- 900 Neighborhood
- Level Lot, Cleared
- TOWN
Other
- 0 Loading Docks
Utilities
- Baseboard, Hot Air, Hot Water
- Central Air
- Public Water
- Public Sewers
Rental
- 6 Tenants
Parking
- 30 Total Spaces
- 28 Uncovered Spaces
Taxes
- Assessment $580,600
- Mill Rate 27.50
- Taxes $15,967
- Parcel Num 1997854
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $750,000
- Down Payment $150,000 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$5,254
$5,254
Monthly Est. $5,254
Yearly Est. $63,050
30yr Est. $1,891,488
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This real estate listing for sale at 464 Ocean Ave is presently used as Currently owner occupied with 2 upper stories leased as office space with 14388 total sqft and was built in 1957. It is located in the New London, Connecticut area with the 06320 zip code. For more info about the property at 464 Ocean Ave, New London, CT 06320 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:02:25. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:02:25. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.