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12-18 Masonic St
New London, CT 06320
The Masonic Building · Office Property For Sale
Executive Summary
Mixed-use commercial and residential building available in downtown New London. 12 Masonic Street comprises first-floor retail/office space along with upper-level office suites and four beautiful, recently converted apartments. Many mechanical and cosmetic upgrades have been recently completed. The property is centrally located near City Hall and across the street from The Eastern CT Chamber of Commerce. Within eyeshot is the Amtrak/CTrail Shore Line East train station, as well as the Block Island, Fishers Island, and Cross Sound ferries. Just two blocks in the opposite direction sits the New London landmark, the Garde Arts Center, along with the historic New London Public Library.
The upper floors feature incredible views of the Thames River and surrounding areas. Connecticut College and the U.S. Coast Guard Academy are both approximately a five-minute drive away, while UConn’s Avery Point campus is about 12 minutes away.
12 Masonic Street is an incredible investment opportunity in the heart of a rapidly growing city, with easy access to New York, Long Island, Hartford, Providence, and major Eastern Connecticut employers and institutions.
The upper floors feature incredible views of the Thames River and surrounding areas. Connecticut College and the U.S. Coast Guard Academy are both approximately a five-minute drive away, while UConn’s Avery Point campus is about 12 minutes away.
12 Masonic Street is an incredible investment opportunity in the heart of a rapidly growing city, with easy access to New York, Long Island, Hartford, Providence, and major Eastern Connecticut employers and institutions.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
20,948 SF
Building Class
B
Year Built
1885
Price
$2,175,000
Price Per SF
$103.83
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,983 SF
Slab To Slab
11’
Building FAR
3.43
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD-1
Parking
12 Spaces (0.57 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 28 201 1 A | Improvements Assessment | $1,229,000 |
| Land Assessment | $170,000 | Total Assessment | $1,399,000 |
Property Taxes
Parcel Number
28 201 1 A
Land Assessment
$170,000
Improvements Assessment
$1,229,000
Total Assessment
$1,399,000
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