103 Broad Street, New London, CT, 06320 | $299,000

103 Broad St. New London is a 2951 sq ft 2 story office building across from the State of CT Superior Court. In the past this building housed many attorneys as well as a Bail Bonds office. There are 7 offices on the 2 floors with a full bath on the lower and 1/2 bath on the upper floor. Each floor has a reception area. On the main floor you have a main entrance from Broad St . Units 1 & 2 are being rented together right now and has a exterior door and a interior door there are no pics of these offices and will be shown at a 2nd showing. There is a office space (unit 3) that has interior access and another unit (unit 4) that has its own entry to the parking lot as well as interior access and is being used as a conference room. This floor has a full bath and reception area. You can reach the 2nd floor with a front main entry staircase or back stairway . There is a shared copier/telecommunication room, 2 offices (units 5 & 6) at the top of the stairs, a reception area, 1/2 bath and the last office ( unit 7) that is currently rented and again no pics and showing at 2nd viewing ). There is 2 heating/cooling zones one on each floor. Great location for a office space in the heart of New London. The building has many uses from professional offices, service business, retail, beauty/barber shop, tattoo parlor, non alcohol restaurant, training facilities and a home business. There are 7/8 off street parking spots. Great income potential.

Features

  • Current Use: 7 seperate office spaces
  • Permitted Use: retail, professional office, service business, training facilities, tatt
  • Utilities: Electric,Gas,Cable
  • Heating: Hot Air
  • Cooling: Central Air
  • Units: 7
  • Zoning: C1
  • Frontage: Municipal Street
  • Year Built: 1900
  • Approx Sq. Feet: 2,951
  • Acreage: 0.12
  • Est. Taxes: $8,539
  • Lot Desc: Corner Lot
  • MLS#: 24079062
  • Website: https://www.raveis.com
    /prop/24079062/103broadstreet_newlondon_ct?source=qrflyer
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103 Broad Street, New London, CT, 06320

$299,000

Kiara Rusconi

Luxury Properties Specialist

William Raveis Real Estate

Phone: 860.573.3382

Kiara.Rusconi@raveis.com

David Lewis

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.423.2254

David.Lewis@raveis.com

NMLS Mortgage Loan Originator ID 49042

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $239,200 $239,200 $239,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.007% 7.050% 6.152%
Monthly Tax Payment $712 $712 $712
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,492 $1,571 $2,002
Total Monthly Payment $2,279 $2,358 $2,789

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.