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$899,000 Just Listed

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  • Active
  • Commercial
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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.

Full Property Details for 27 Broad St

General

  • Price: $899,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 24191402
  • Updated: 7/16/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Employee Lounge, Security System
  • Flooring: Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Restrooms: 5

Exterior

  • Exterior Features: Sidewalk, Gutters

Parking

  • Uncovered Spaces: 15
  • Total Spaces: 15
  • Parking: Paved, Parking Lot, Off Street Parking

Location

  • County: New London
  • Driving Directions: per GPS

Heating & Cooling

  • Cooling Type: Central Air, Window Unit
  • Heating Type: Steam, Natural Gas
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected
  • Utility Description: Electric, Gas, Telephone, Cable

Structural Information

  • Roof: Slate
  • Stories/Levels: 3
  • Stories in Building: 3
  • Square Feet: 5,510
  • Sq. Ft. Source: Public Records
  • Living Area: 3,494 Sq. Ft.
  • Current Bldg. Use: Dental office + residential apartments above
  • Office: 2,016 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Unit Description: Office
  • Square Feet: 2016
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 2

  • Unit Description: 2 Bedrooms
  • Square Feet: 850
  • Total Bathrooms: 1

Unit 3

  • Unit Description: 2 Bedrooms
  • Square Feet: 850
  • Total Bathrooms: 1

Unit 4

  • Unit Description: 1 Bedroom
  • Square Feet: 750
  • Total Bathrooms: 1

Unit 5

  • Unit Description: 1 Bedroom
  • Square Feet: 750
  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.31
  • Frontage: Municipal Street, Paved Road
  • Present Use: Dental office + residential apartments above
  • Zoning: C-1
  • Lot Description: Dry, Level Lot

Financial Considerations

  • Assessment Amount: $437,700
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Documents Avail.: Brochure, Lead Disclosure
  • Property ID: 2001232

Listed by Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Jason Pollard and Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Kaila Martinez

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Listing agents

— 27 Broad St —

  • Jason Pollard

    Compass Connecticut, LLC

  • Kaila Martinez

    Compass Connecticut, LLC

Agent Contact: (860) 287-1976 Office Contact: (860) 572-9099

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 27 Broad St

School District:New London School District
NameGradesDistance
C.B. Jennings International Elementary Magnet
50 Mercer Street, New London, CT 06320
PK-50.3 mi
Winthrop STEM Elementary Magnet School
74 Grove Street, New London, CT 06320
K-50.8 mi
Harbor School
432 Montauk Avenue, New London, CT 06320
PK-51.4 mi
Bennie Dover Jackson Middle School
36 Waller Street, New London, CT 06320
6-80.3 mi
New London Visual and Performing Arts Magnet School
36 Waller Street, New London, CT 06320
6-110.3 mi
New London High School
20 Chester Street, New London, CT 06320
9-121.1 mi
Science and Technology Magnet School of Southeastern Connecticut
20 Chester Street, New London, CT 06320
6-121.1 mi
Nathan Hale Arts Magnet School
37 Beech Drive, New London, CT 06320
K-52.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 27 Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/15/2026
Listed
$899,000
156.86%
MLS
6/01/2016
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 27 Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,905
-1%
$437,700
—
2023
$12,037
-14%
$437,700
17%
2023
$13,918
—
$373,730
—
2022
$13,944
-2%
$373,730
—
2021
$14,183
-1%
$373,740
—
2020
$14,273
-4%
$373,730
—
2019
$14,912
-8%
$373,730
1%
2018
$16,234
-1%
$371,140
—
2017
$16,427
9%
$371,140
—
2016
$15,016
2%
$371,140
—
2015
$14,656
15%
$371,140
—
2014
$12,719
11%
$371,140
-11%
2011
$11,488
—
$417,760
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 27 Broad St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Jason Pollard and Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Kaila Martinez

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27 Broad Street, New London, CT 06320 (MLS# 24191402) is a Commercial property. 27 Broad Street is currently listed for $899,000 and was received on July 15, 2026. Want to learn more about 27 Broad Street? Do you have questions about finding other Commercial real estate for sale in New London? You can browse all New London real estate or contact a Coldwell Banker agent to request more information.

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