$950,000

464 Ocean Avenue, New London, CT 06320

  • 6 baths |
  • 14,388 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $66/sqft
  • Property List Date Icon Listed 2 days ago

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.

Listing Status:
Active
Date Added:
November 3, 2025 at 10:40PM
Listing Office:
Valdez Realty : (860) 970-9373
Listing Agent:
John Valdez : (860) 970-9373
MLS ID:
24137859
  • General: ElevatorFire Suppression SystemLiving Space AvailablePublic RestroomsSecurity SystemWindow Display
  • Flooring: VinylWall-to-Wall Carpet
  • A/C: Central Air
  • Heating: Hot AirNatural Gas
  • General: GuttersLightingDoor Sign
  • Parking: Parking spaces: 28
  • Roofing: EPDM Synthetic RubberFlat
  • Road/Access: Municipal Street
  • County: New London
  • Zoning: NB1997854
  • Current Use: Grocery Store/Deli and Office
  • Utilities: ElectricGasFire Suppression System
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of John Valdez, Valdez Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Harbor Elementary School

432 Montauk Ave, New London, CT, 06320

Grades PK-5

0.19 miles away

N

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

1.71 miles away

N

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

1.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.