24 Montauk Avenue, New London, CT 06320 (MLS # 24189437)

Price $575,000
Status Active
Size 7,110 sqft
Lot Size 15,682 sqft
Days on Market 111
Located on Montauk Avenue in New London, 24 Montauk Ave is a three-story mixed-use building anchored by ServiceMaster, a long- term commercial tenant occupying the ground- floor office/warehouse space and the second- floor unit. The property includes a private parking lot with gated, secured parking for commercial vehicles, and separate private entrances for the residential units above. INVESTMENT OVERVIEW: -Stabilized NNN Income: ServiceMaster occupies the ground floor and Unit 1 under a triple-net lease at $5,500/month ($66,000/yr). -Immediate Upside: The third-floor unit (709 SF, t rue 2BR/1BA) is in good, rent ready condition - an immediate lease-up opportunity. -Flexible Second Unit: Unit 1 (914 SF) is currently utilized by ServiceMaster as additional office space, with the under lying layout offering residential conversion potential for a future owner. -Functional Flex Space: Ground floor includes 2,415 SF of finished office/ reception space plus 3,072 SF of warehouse across three bays, suited to service, trade, or light industrial users. -Secure, Dedicated Parking: Private lot with gated, secured parking for commercial vehicles. -Zoning: C-1 General Commercial District - mixed commercial / residential use is a recognized permitted use for pre-1983 structures. -Built: 1930, with classic New London architectural character. Public Utilities: Connected to public water/sewer.
Property Type(s): Commercial
Last Updated 9/10/2026 Year Built 1930
County New London

Price History

Prior to Sep 10, '26 $599,000
Sep 10, '26 - Today $575,000

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Frame
HEAT Forced Air, Natural Gas
LOT 0.36 acre(s)
SEWER Public Sewer
STORIES 3
TAXES 10881
UTILITIES Electricity Available
WATER Public
ZONING C-1

Location

 

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