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400 Bayonet St 40,000 SF 62% Leased Office Building New London, CT 06320 $4,100,000 ($102.50/SF) 3.09% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Perfect for income growth
  • Lower Level can be converted to warehouse space with loading dock

EXECUTIVE SUMMARY

Available for sale is Bayonet Street Professional Offices. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino.
The property offers ample parking and an elevator. Most of the units in the building come with a private kitchenette and bathroom. offers ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant. Added expansion available for high-volume tenants.
Lower Level can be used for warehouse light industrial with loading doc.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
40,000 SF
Building Class
B
Year Built
1987
Price
$4,100,000
Price Per SF
$102.50
Cap Rate
3.09%
NOI
$126,568
Percent Leased
62%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.47
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
C-2 - Section 520 C-2 - Limited Commercial District (Amended 04/20/10)
Parking
95 Spaces (2.38 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Central Heating
  • Natural Light
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Lower Level - N/A
  • 9,000 SF
  • Flex
  • Shell Space
  • Now

ALL TERMS NEGOTIABLE! Warehouse space for lease. loading dock area with overhead door access. Space can be configured based on tenant needs. Would be great for storage or warehouse or storage operation Manufacturing or drop shipping Shipping and receiving Light industrial. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino. The property offers ample parking and an elevator. ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant.

  • 2nd Fl-Ste 203
  • 1,430 SF
  • Office
  • Full Build-Out
  • Now

ALL TERMS NEGOTIABLE!!! Professional office space for lease. 2nd Floor 1,430 square foot office. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino. The property offers ample parking and an elevator. ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant.

  • 3rd Fl-Ste 301
  • 2,972 SF
  • Office
  • Full Build-Out
  • Now

ALL TERMS NEGOTIABLE.

Space Size Space Use Condition Available
Lower Level - N/A 9,000 SF Flex Shell Space Now
2nd Fl-Ste 203 1,430 SF Office Full Build-Out Now
3rd Fl-Ste 301 2,972 SF Office Full Build-Out Now

Lower Level - N/A

Size
9,000 SF
Space Use
Flex
Condition
Shell Space
Available
Now

2nd Fl-Ste 203

Size
1,430 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 301

Size
2,972 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

Lower Level - N/A

Size 9,000 SF
Space Use Flex
Condition Shell Space
Available Now

ALL TERMS NEGOTIABLE! Warehouse space for lease. loading dock area with overhead door access. Space can be configured based on tenant needs. Would be great for storage or warehouse or storage operation Manufacturing or drop shipping Shipping and receiving Light industrial. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino. The property offers ample parking and an elevator. ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant.

2nd Fl-Ste 203

Size 1,430 SF
Space Use Office
Condition Full Build-Out
Available Now

ALL TERMS NEGOTIABLE!!! Professional office space for lease. 2nd Floor 1,430 square foot office. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino. The property offers ample parking and an elevator. ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant.

3rd Fl-Ste 301

Size 2,972 SF
Space Use Office
Condition Full Build-Out
Available Now

ALL TERMS NEGOTIABLE.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NLON-000051-000311-000008
Land Assessment
$598,700
Improvements Assessment
$2,231,100
Total Assessment
$2,829,800
  • Listing ID: 38555296

  • Date on Market: 11/24/2025

  • Last Updated:

  • Address: 400 Bayonet St, New London, CT 06320

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