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54 Fremont St
New London, CT 06320
Office Property For Sale


Investment Highlights
- R-4 Zoning allows commercial or residential uses
- Ready to renovate
- Great location
Executive Summary
The building offers a flexible two-story layout with a full unfinished basement and covered porch and deck areas. The first floor includes an entry foyer, multiple rooms, a bathroom, and a living room; the second floor offers two additional well-proportioned rooms. The existing configuration readily supports continued commercial or office use, or adaptation to residential use, subject to applicable permits.
54 Fremont Street sits in a quiet residential pocket of New London just off Williams Street, within 1 minute of I-95 and direct access to CT 32 North. It’s well connected to New London, a 5 minute walk to either Hodges Square business district or Williams Park business district and a 1 minute drive from the Bank Street waterfront district. The location offers exceptionally convenient vehicular access while remaining tucked away from major commercial corridors — a favorable setting for a professional office, small business, or live/work use seeking a distinctive, low-key address.
? Vacant and move-in ready — no lease-up risk or tenant transition for a purchasing owner-user.
? Rare small-format Victorian-era building (built 1846) with genuine period character: wraparound porch, gable roofline, and clapboard siding.
? R-4 zoning (Multifamily Office High Density District) supports a broad range of uses, including professional office and residential.
? Flexible two-story layout suited to professional office, small business, or live/work use.
? Minutes from I-95, downtown New London, and the Thames River waterfront, with strong car-friendly access.
? Not located in a mapped flood zone (Zone X, unshaded).
? Well-documented ownership history with chain of title traced to the property's original 1846 construction.
54 Fremont Street sits in a quiet residential pocket of New London just off Williams Street, within 1 minute of I-95 and direct access to CT 32 North. It’s well connected to New London, a 5 minute walk to either Hodges Square business district or Williams Park business district and a 1 minute drive from the Bank Street waterfront district. The location offers exceptionally convenient vehicular access while remaining tucked away from major commercial corridors — a favorable setting for a professional office, small business, or live/work use seeking a distinctive, low-key address.
? Vacant and move-in ready — no lease-up risk or tenant transition for a purchasing owner-user.
? Rare small-format Victorian-era building (built 1846) with genuine period character: wraparound porch, gable roofline, and clapboard siding.
? R-4 zoning (Multifamily Office High Density District) supports a broad range of uses, including professional office and residential.
? Flexible two-story layout suited to professional office, small business, or live/work use.
? Minutes from I-95, downtown New London, and the Thames River waterfront, with strong car-friendly access.
? Not located in a mapped flood zone (Zone X, unshaded).
? Well-documented ownership history with chain of title traced to the property's original 1846 construction.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,844 SF
Building Class
C
Year Built
1846
Price
$225,000
Price Per SF
$122.02
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
922 SF
Slab To Slab
9’
Building FAR
0.42
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
R-4 - Multiple uses including office, retail, multi-unit residential or residential
Parking
2 Spaces (1.08 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | NLON-000039-000249-000017 | Improvements Assessment | $99,500 |
| Land Assessment | $49,000 | Total Assessment | $148,500 |
Property Taxes
Parcel Number
NLON-000039-000249-000017
Land Assessment
$49,000
Improvements Assessment
$99,500
Total Assessment
$148,500
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