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464 Ocean Ave
New London, CT 06320
Ocean Professional Center · Office Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,000 SF
Building Class
C
Year Built
1957
Price
$1,534,610 CAD
Price Per SF
$170.51 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,000 SF
Slab To Slab
9’
Building FAR
1.09
Lot Size
0.19 AC
Zoning
Commercial
Parking
27 Spaces (2.48 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | NLON-000016-000065-000034 | Improvements Assessment | $769,956 CAD |
| Land Assessment | $40,039 CAD | Total Assessment | $809,995 CAD |
Property Taxes
Parcel Number
NLON-000016-000065-000034
Land Assessment
$40,039 CAD
Improvements Assessment
$769,956 CAD
Total Assessment
$809,995 CAD
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