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31456593
31456595

12 Masonic St, New London, CT 06320 For Sale

PB
CT REB.0793882, MA 9575704
Pioneer CRE
Listed by Pioneer CRE
$2,175,000
107 days on market
Updated 9 days ago
Opportunity zone

Masonic Building

Details
Property Type Retail, Multifamily (+2)
Sub Type Storefront, Traditional Office (+1)
Square Footage 20,948
Occupancy 25%
Tenancy Multi
Price per SqFt $104
Class B
Year Built 1885
Buildings 1
Stories 3
Zoning CBD-1
Investment Type Value Add

Mixed-Use Office, Retail, & Brand New Residential Units | Steps From Amtrak & Ferry | +/-20,948 SqFt

Marketing description

Mixed-use commercial and residential building available in downtown New London. 12 Masonic Street comprises first-floor retail/office space along with upper-level office suites and four beautiful, recently converted apartments. Many mechanical and cosmetic upgrades have been recently completed. The property is centrally located near City Hall and across the street from The Eastern CT Chamber of Commerce. Within eyeshot is the Amtrak/CTrail Shore Line East train station, as well as the Block Island, Fishers Island, and Cross Sound ferries. Just two blocks in the opposite direction sits the New London landmark, the Garde Arts Center, along with the historic New London Public Library.

The upper floors feature incredible views of the Thames River and surrounding areas. Connecticut College and the U.S. Coast Guard Academy are both approximately a five-minute drive away, while UConn’s Avery Point campus is about 12 minutes away.

12 Masonic Street is an incredible investment opportunity in the heart of a rapidly growing city, with easy access to New York, Long Island, Hartford, Providence, and major Eastern Connecticut employers and institutions.

Investment highlights

  • Several recently converted, upscale residential apartments with plans for additional units
  • Near City Hall and across from post office/chamber of commerce
  • Steps from Amtrak, NY/RI Ferries, library, post office, and area dining/entertainment
  • Minutes from Connecticut College, U.S. Coast Guard Academy, and UConn Avery Point
  • Minutes from General Dynamics/Electric Boat
  • Great upper-level views of Thames River and downtown area
  • Nearby natural resources/recreation
  • Passenger elevator
  • Beautiful atrium area

Listing Contacts

PB
CT REB.0793882, MA 9575704
Pioneer CRE
Listed by Pioneer CRE

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Additional Information

Name
Paul Bongiorni
License
REB.0793882
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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