224-230 State Street New London, CT $ 1,500,000
224-230 State Street
$ 1,500,000
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224-230 State Street

New London, CT, 06320
$ 1,500,000
Bedrooms-- Baths-- Sq 8,572

Monthly Estimate*

$ 9,471

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Commercial Property for sale in New London, CT

for $1,500,000. This 8,572 square foot building was built in 1930 on a lot size of 0.18.

Convenience Store, Deli & Mixed-Use Investment Opportunity Prime Downtown Location | Recently Renovated | Additional Residential/Commercial Upside. Exceptional mixed-use investment opportunity featuring an approximately 3,000-square-foot, fully renovated Convenience Store and Deli, strategically positioned to serve the surrounding downtown community. The property underwent a substantial renovation in 2025, including new appliances and a Cold Brew Bar. The space is clean, bright, well-maintained, and easily accessible. The property is also positioned to benefit from significant nearby residential growth, with approximately 40 new apartments currently under construction on the abutting parcel, creating an expanding customer base for the Convenience Store and Deli. The Deli is equipped with a new, inspected Ledge Light ancillary and fire-suppression system, providing an updated infrastructure package for the operation. Adding further value is approximately 2,000 square feet of newly renovated, furnished upper-level space, currently configured as a two-bedroom, two-bath apartment. The space provides an owner-user opportunity, additional rental income, or potential for future repositioning. Additional Development Potential. The approximately 2,000-square-foot upper level offers additional value-add potential, subject to applicable zoning, building, fire, and permitting requirements.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 10,362

Style

Lot Size

0.18

Year Built

1930

Town/City

New London

MLS | Web ID

24207695

Features
General
Zoning CBD-1
Neighborhood N/A
County New London
Tax Year July 2026-June 2027
Location Downtown
Property Type Commercial For Sale
Status Active
Acres 0.18
Directions GPS
City New London
Sq Ft Total 8572
DOM 0
Year Built 1930
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Interior
Utilities Available Gas
Cooling System Split System
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Exterior
Water Source Public Water Connected
Lot Description N/A
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* Excluded Features
List By
Rebecca Missios

Listing Agent

Re/Max Coast And Country

Broker

beckmissios@gmail.com

Email

Affordability Calculator

$10,335
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,471
Monthly Property Taxes
$864
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$1,500,000 Listed Price

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224-230 State Street, New London, CT, 06320 is a Commercial Property for sale at $1,500,000 with 8,572 sqft and a lot size of 0.18. 224-230 State Street was built in 1930. The property's zip code is 06320 which is in New London, CT