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27 Broad Street
New London CT 06320 US

$899,000

Active Listing ID 24191402
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.31 Acres
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Other

$899,000

Active Listing ID 24191402
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27 Broad Street Fully occupied mixed-use investment opportunity at 27 Broad Street in New London, CT. Five-unit Victorian brick building (c. 1900) generating $111, 281 in gross annual income with a stabilized in-place NOI of $70, 563 and a proforma NOI of $88, 233 at market rents - representing a 9.81% cap rate at the $899, 000 asking price. Ground floor is anchored by a long-term professional dental practice at $4, 423/month, supported by four residential units above - two 2BR/1BA and two 1BR/1BA - all occupied, all with heat and hot water owner-paid. Three of the four residential units have been remodeled, featuring LVP flooring, updated kitchens, and stainless appliances. Residential rents are below market, offering a clear value-add path at natural turnover without capital expenditure. Original architectural character is preserved throughout the entire building. Total operating expenses of $37, 808 annually (34% expense ratio). Owner financing considered. Full financial package available in MLS documents. Asking $899, 000. Buyers to conduct independent due diligence on all figures.

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Property Features

  • Facts
  • Lot Size: 0.31 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • 1/2 Bathrooms: 1
  • Cooling System: Central Air, Window Unit(s)
  • Exterior Finish: Sidewalk, Gutters
  • Floor Covering: Wood, Vinyl
  • Heating Fuels: Steam

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 899000
  • unparsedaddress: 27 Broad Street
  • postalcity: New London
  • stateorprovince: CT
  • country: US
  • postalcode: 06320
  • bathroomsfull: 4
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.31
  • lotsizeunits: Acres
  • lotsizearea: 0.31
  • livingarea: 5510
  • livingareaunits: Square Feet
  • listagentfullname: Jason Pollard
  • listagentemail: jason.pollard@compass.com
  • listagentkey: 3yd-CTMLS-844340
  • listagentmlsid: 844340
  • listagentpreferredphone: (860) 887-1122
  • listagentofficephone: 8605729099
  • listofficekey: 3yd-CTMLS-RANDAL02
  • listofficemlsid: RANDAL02
  • disclaimer: Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CTMLS
  • yearbuilt: 1900
  • listingcontractdate: 2026-07-15
  • listagenturl: http://www.randallrealtors.com
  • countyorparish: New London
  • cooling: Central Air, Window Unit(s)
  • flooring: Wood, Vinyl
  • heating: Steam
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 15
  • waterfrontyn: False
  • franchiseaffiliation: Real Living
  • interiorfeatures: Employee Lounge, Security System
  • exteriorfeatures: Sidewalk, Gutters
  • rooms: Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 3
  • securityfeatures: Security System
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Randall Realtors", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jason.pollard@compass.com", "ListBrokerageCity":"Charlestown", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mike@randallrealtors.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CTMLS/c5ababc31cdc8d4a011cdd6fa2e23cf1/20110628113928656.png", "ListBrokerageName":"Randall Realtors", "ListBrokeragePhone":"(860) 887-1122", "ListBrokeragePostalCode":"02813", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"4009 Old Post Road", "ListBrokerageWebsiteUrl":"http://www.randallrealtors.com", "ListOfficeAddress1":"22 Holmes Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"RANDAL02", "ListOfficeCity":"Mystic", "ListOfficeCountry":"US", "ListOfficeEmail":"bruce.drake@compass.com", "ListOfficePostalCode":"06355", "ListOfficeStateOrProvince":"CT", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - New London, CT", "ListingURL":null, "MLSModificationTimestamp":"2026-07-15 22:25:34", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11905, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/22/2026 8:26:25 AM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Jason Pollard, Compass Connecticut, LLC, jason.pollard@compass.com

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.