CT > New London
New London, CT 06320,464 Ocean Avenue
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New London, CT 06320,464 Ocean Avenue
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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Demian DeVega

Demian DeVega

+1(860) 625-4541
$ 950,000
Est. payment /mo
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464 Ocean Avenue New London, CT 06320

6 Baths

14,388 SqFt

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
Demian DeVega

Demian DeVega

Agent

+1(860) 625-4541

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464 Ocean Avenue