464 Ocean AveNew London, CT 06320

This exceptional commercial property at 464 Ocean Avenue in New London, Connecticut, presents a unique investment opportunity. The 8,910 square foot lot features a steel-constructed building, built in 1957, encompassing a full basement and three upper floors, totaling approximately 8,910 square feet of usable space. The building includes an elevator and a sprinkler system, enhancing its functionality and safety. Currently, the property is 75% occupied with month-to-month leases, providing flexibility for the new owner to implement their vision. The ground floor currently houses an International Market, while the second and third floors offer office spaces and conference rooms. A significant advantage is the inclusion of an adjacent parking lot with approximately 28 spaces, a rare find in New London. The property's strategic location, just one block south of Lawrence and Memorial Hospital and approximately two miles from Ocean Beach, ensures high visibility and accessibility. This versatile property, zoned for commercial, restaurant, and bar uses, offers substantial potential for various business ventures. The two units provide ample space for expansion or diversification. This is a rare opportunity to acquire a well-located, adaptable commercial property with significant upside potential in a thriving Connecticut community.