Kristine Wingate Shifrin - Andrew Abu Inc Realtors Logo
$1,500,000
( $174.99Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

224-230 State Street,New London, CT 06320

New London, CT 06320

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Description

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.

Details

MLS #24207695
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site26
Listing Provided ByRE/MAX Coast and Country | Rebecca Missios

Features

SQ Feet8,572
ZoningCBD-1
Acreage0.18

Interior

Cooling SystemSplit System

Exterior

Roof InformationFlat, Tar/Gravel

Utilities

Utilities AvailableGas
Sewage SystemPublic Sewer Connected

Taxes

Tax YearJuly 2026-June 2027
Property Tax10362

Area Information

StateCT
CountyNew London
CityNew London
Zip Code06320
AreaN | A
Listing VS Median (in 06320)
Price:
$1,500,000
low | high
Med:
$182,000
100% of Average
sqft:
8,572
low | high
Med:
1,050
100% of Average
$ / sqft:
$175
low | high
Med:
$173
50.945777777778% of Average
On site:
26
low | high
Med:
12
100% of Average
Sourced by Back At You

Market Activity 06320

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Contact

Learn More About This Property

Kristine Wingate Shifrin

Kristine Wingate Shifrin

Andrew Abu Inc

9027819 (508) 328-5561kristine@andrewabu.com
StateCT
CountyNew London
CityNew London
Zip Code06320
AreaN | A
Listing VS Median (in 06320)
Price:
$1,500,000
low | high
Med:
$182,000
100% of Average
sqft:
8,572
low | high
Med:
1,050
100% of Average
$ / sqft:
$175
low | high
Med:
$173
50.945777777778% of Average
On site:
26
low | high
Med:
12
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.125M - $1.875M
sqft: 6,000 - 10,500
Nearby Listings Property ImageNearby Listings Details
147 Bank Street Property Photo 1
$1,350,000
147 Bank Street
New London, CT 06320
Listing Updated: October 9, 2026 at 7:34:47 AM PDT