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$260,000
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Property Description
Freestanding 996 SF commercial building with 2 drive throughs previously used as a restaurant/cafe and bank. Would make a great take out or drive though restaurant. Located in close proximity to Yale New Haven Hospital, colleges and Ocean Beach. On a highly visible corner with frontage on both Ocean Avenue and School Street. Parking lot for 6 cars as well as on street. Zoned 'Neighborhood Business' for many retail and commercial uses.
Full Property Details
Full Property Details for 458 Ocean Ave
General
- Price: $260,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24113355
- Updated: 11/26/2025
- Added to Site: 181 day(s) ago
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Half Bathrooms: 1
Exterior
- Exterior Features: Sidewalk
Parking
- Total Spaces: 9
- Parking: Paved, Off Street Parking
Location
- County: New London
- Driving Directions: Bank Street to Ocean Avenue south of L&M Hospital
Heating & Cooling
- Cooling Type: Ductless
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
Structural Information
- Roof: Tar/Gravel
- Square Feet: 899
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Retail
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Retail
- Total Bathrooms: 1
- Partial Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.2
- Frontage: Municipal Street
- Present Use: Retail
- Potential Use: Office, Bank, Restaurant
- Zoning: NB
- Lot Description: Corner Lot, Level Lot
Financial Considerations
- Assessment Amount: $179,100
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: None
- Property ID: 1997855
Buyer's Brokerage Compensation: 2%
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 458 Ocean Ave
School District:New London School District
| Name | Grades | Distance |
|---|---|---|
Harbor School 432 Montauk Avenue, New London, CT 06320 | PK-5 | 0.2 mi |
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320 | 6-8 | 1.7 mi |
New London High School 20 Chester Street, New London, CT 06320 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 458 Ocean Ave
Date
Details
Price
Change
Source
7/21/2025
Listed
$260,000
—
MLS
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
Tax History for 458 Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,872
-1%
$179,100
—
2023
$4,925
-26%
$179,100
1%
2023
$6,619
-12%
$177,730
-12%
2022
$7,527
-2%
$201,740
—
2021
$7,656
-1%
$201,740
—
2020
$7,704
-4%
$201,740
—
2019
$8,049
6%
$201,740
16%
2018
$7,615
-1%
$174,090
—
2017
$7,705
9%
$174,090
—
2016
$7,044
2%
$174,090
—
2015
$6,875
15%
$174,090
—
2014
$5,966
-27%
$174,090
-41%
2011
$8,118
—
$295,190
—
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
Estimate the Cost for 458 Ocean Ave
458 Ocean Avenue, New London, CT 06320 (MLS# 24113355) is a Commercial property. 458 Ocean Avenue is currently listed for $260,000 and was received on July 21, 2025. This property is listed by Rick Loranger from our East Lyme/Mystic Office.Want to learn more about 458 Ocean Avenue? 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.



