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Single story, wood framed, store front with 2,648 square feet of usable retail space and 1,00 square feet of paved parking directly in front of the building; Oil fired hot water heating system on .36 acres. This structure was built in 1950 as a flower shop to service the hospital.
The New London Shopping Center is a single-story, multi-tenant, 20,901± SF retail building located in New London County, in the City of New London, Connecticut. The property is approximately 1 mile from New London' s central business district and 3 miles from the Long Island Sound. The New London Shopping Center is currently 100% leased to 4 tenants that include Family Dollar, Oral Care Dental Group, Grimes Cleaners and James Laundromat. Family Dollar has executed an LOI to extend their lease through 2024, and Oral Care Dental Group, whose lease expires in 2023, account for 71% of the revenue stream providing stable long-term cash flow for an investor. Additionally, current zoning permits an owner to develop approximately 6,000 SF of additional retail space at the property.