Date
Details
Price
Change
Source
11/03/2025
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$950,000
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1/22
Property Description
Discover this exceptional commercial property offering unmatched potential in one of New London's most strategic and high-demand corridors! Perfectly positioned adjacent to Yale New Haven Lawrence + Memorial Hospital and minutes from Mitchell College, Ocean Beach Park, and Downtown New London, this building captures the best of both worlds-a suburban setting with immediate access to city amenities. Major employers such as Electric Boat, Pfizer, and the U.S. Coast Guard drive steady activity and long-term stability in the area. Built with strength, flexibility, and adaptability in mind, this multi-story structure features an operational elevator servicing all floors from the basement through the third level and a full wet fire-suppression system throughout. The layout allows easy division or expansion of units, giving freedom to tailor spaces for office, medical, residential, or mixed-use conversions. An adjacent 28-space parking lot directly behind the building is included in the sale, offering exceptional convenience and added value. Currently 60% occupied and 40% vacant, it provides both income and upside potential. Owner-occupied and meticulously maintained for two decades, 464 Ocean Avenue is a rare, high-opportunity asset ideal for investors or owner-operators looking to scale in New London's growing corridor.
Full Property Details
Full Property Details for 464 Ocean Ave
General
- Price: $950,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24137859
- Updated: 11/26/2025
- Added to Site: 75 day(s) ago
Interior
- Interior Features: Elevator, Fire Suppression System, Living Space Available, Public Restrooms, Security System, Window Display
- Flooring: Vinyl, Wall-To-Wall Carpet
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 4
- Half Bathrooms: 2
- Restrooms: 6
Exterior
- Exterior Features: Gutters, Lighting, Door Sign
Parking
- Uncovered Spaces: 28
- Total Spaces: 28
- Parking: Driveway, Paved, Parking Lot
Location
- County: New London
- Neighborhood: Green&Apos;S Harbor Beach
- Driving Directions: Ocean Avenue
- Traffic Count: 8200
Community
- Community Name: Green&Apos;S Harbor Beach
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Fire Suppression System
Structural Information
- Roof: EPDM Synthetic Rubber, Flat
- Ceiling Height: 9
- Amps: 220
- Disability Access: 32" Minimum Door Widths, Hallways 36+ Inches Wide, Handicap Parking, Ramps
- Stories/Levels: 3
- Stories in Building: 3
- Square Feet: 14,388
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Grocery Store/Deli and Office
- Office: 10,588 Sq. Ft.
- Retail: 3,800 Sq. Ft.
- Year Built: 1957
Unit Information
- # Tenants: 5
Unit 1
- Unit Description: Retail
- Square Feet: 3800
- Total Bathrooms: 1
Unit 2
- Unit Description: Office
- Square Feet: 800
- Total Bathrooms: 5
- Partial Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.19
- Frontage: Municipal Street
- Frontage Feet: 50
- Present Use: Grocery Store/Deli and Office
- Potential Use: Retail, Restaurant, Salon, AirBnb, Residential Rentals
- Zoning: NB
- Lot Description: Corner Lot, Level Lot
Financial Considerations
- Assessment Amount: $580,600
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Environment Site Assess. (Phase 1)
- Property ID: 1997854
Listed by Valdez Realty, John Valdez
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 464 Ocean Ave —
John Valdez
Valdez Realty
Agent Contact: (860) 970-9373 Office Contact: (860) 970-9373
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 464 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 464 Ocean Ave
Tax History
Tax History for 464 Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,792
-1%
$580,600
—
2023
$15,967
-17%
$580,600
12%
2023
$19,293
—
$518,070
—
2022
$19,329
-2%
$518,070
—
2021
$19,661
-1%
$518,070
—
2020
$19,785
-4%
$518,070
—
2019
$20,671
-3%
$518,070
6%
2018
$21,310
-1%
$487,200
—
2017
$21,563
9%
$487,200
—
2016
$19,712
2%
$487,200
—
2015
$19,240
15%
$487,200
—
2014
$16,696
-20%
$487,200
-35%
2011
$20,753
—
$754,670
—
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 464 Ocean Ave
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- Apartment
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,009Sq. Ft.
Listed by The Huhn Team at Coldwell Banker Realty (860) 501-1758
![[Address not provided], Groton, CT 06355 - Photo 1](https://m.cbhomes.com/p/229/24138049/0f266B2418EC4E0/s23cc.webp)
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,786Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 6Beds
- 5Total Baths
- 3,687Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,423Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,470Sq. Ft.
Listed by Maggie Brennan and Renee Autorino
Sold by William Pitt Sotheby's Int'l
Sold by William Pitt Sotheby's Int'l
464 Ocean Avenue, New London, CT 06320 (MLS# 24137859) is a Commercial property. 464 Ocean Avenue is currently listed for $950,000 and was received on November 03, 2025. Want to learn more about 464 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.