New London, CT 06320,464 Ocean Avenue
New London, CT 06320,464 Ocean Avenue
New London, CT 06320,464 Ocean Avenue
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$950,000
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6 Baths
14,388 SqFt
Active

464 Ocean Avenue New London, CT 06320

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Hellen Jimenez McGraw

Hellen Jimenez McGraw

+1(475) 323-3855

UPDATED:

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

Listed by John Valdez • Valdez Realty

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 13
  • 6

    Great Neck Elementary School

    Public | PK - 5

  • 6

    Multicultural Magnet School

    Public | KG - 5

  • 6

    Pleasant Valley School

    Public | KG - 5

  • 5

    Winthrop STEM Elementary Magnet School

    Public | KG - 5

  • 4

    Nathan Hale Arts Magnet School

    Public | KG - 5

  • 4

    Mary Morrisson School

    Public | PK - 5

  • 3

    Catherine Kolnaski Magnet School

    Public | PK - 5

  • 1

    C. B. Jennings Dual Language and International Elementary Magnet School

    Public | PK - 5

  • 0

    The Friendship School

    Public | PK - KG

  • 0

    St Joseph School

    Private | KG - 8

  • 0

    Solomon Schechter Academy

    Private | PK - 4

  • 0

    Harbor Elementary School

    Public | PK - 5

  • 0

    Sacred Heart School

    Private | PK - 8

Middle Schools 7
  • 5

    Clark Lane Middle School

    Public | 6 - 8

  • 5

    West Side Middle School

    Public | 6 - 8

  • 4

    Science and Technology Magnet School of Southeastern Connecticut

    Public | 6 - 12

  • 2

    Bennie Dover Jackson International Education and Dual Language Middle School

    Public | 6 - 8

  • 2

    Interdistrict School for Arts and Communication

    Public | 6 - 8

  • 0

    New London Visual & Performing Arts Magnet School

    Public | 6 - 11

  • 0

    Williams School

    Private | 6 - 12

High Schools 3
  • 7

    Waterford High School

    Public | 9 - 12

  • 1

    New London High School

    Public | 9 - 12

  • 0

    Marine Science Magnet High School of Southeastern

    Public | 9 - 12

School and business data provided by Attom Data.

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464 Ocean Avenue