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400 Bayonet St 40,000 SF 62% Leased Office Building New London, CT 06320 $4,100,000 ($102.50/SF) 7.06% Cap Rate
Investment Highlights
- Perfect for income growth
- Lower Level can be converted to warehouse space with loading dock
Executive Summary
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
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
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.
1st Floor former Medical/Therapy space. Easy parking and handicapped access. Waiting room and reception area with bathrooms and 9 exam rooms/offices. Perfect for Medical or professional office users.
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.
| Space | Size | Space Use | Build-Out | Available |
| Lower Level - N/A | 9,000 SF | Flex | Shell Space | Now |
| 1st Fl-Ste 104 | 2,413 SF | Office | - | 60 Days |
| 2nd Fl-Ste 203 | 1,430 SF | Office | Full Build-Out | Now |
Lower Level - N/A
| Size |
| 9,000 SF |
| Space Use |
| Flex |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 104
| Size |
| 2,413 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 60 Days |
2nd Fl-Ste 203
| Size |
| 1,430 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Lower Level - N/A
| Size | 9,000 SF |
| Space Use | Flex |
| Build-Out | 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.
1st Fl-Ste 104
| Size | 2,413 SF |
| Space Use | Office |
| Build-Out | - |
| Available | 60 Days |
1st Floor former Medical/Therapy space. Easy parking and handicapped access. Waiting room and reception area with bathrooms and 9 exam rooms/offices. Perfect for Medical or professional office users.
2nd Fl-Ste 203
| Size | 1,430 SF |
| Space Use | Office |
| Build-Out | 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.
Property Taxes
| Parcel Number | NLON-000051-000311-000008 | Total Assessment | $2,829,800 |
| Land Assessment | $598,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,231,100 | Tax Year | 2025 |
Property Taxes
