Commercial Real Estate in New London County | Reonomy

Commercial Real Estate in New London County

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New London County commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Connecticut New London County
Average price/sqft $908 $3,635 $2,537
Average sold price $1,082,211 $576,925 $277,746
Median sold price $198,569 $224,264 $164,890
Number of sales 2,792,236 11,316 942
Number of sales over $250k 1,189,680 5,045 300
Number of sales over $1m 269,060 750 36
Number of sales over $10m 36,917 56 --
Average total tax amount $7,139 $11,511 $5,997
Average assessed value $251,540 $380,219 $198,469
Average market value $356,178 $380,223 $198,469

New London County commercial real estate property averages

Property averages United States Connecticut New London County
Average lot size -- 144,971 sf 270,226 sf
Median lot size -- 12,197 sf 21,809 sf
Average building area -- 97 sf 76 sf
Median building area -- 59 sf 52 sf
Median year built -- 1925 1920
Average number of units -- 3 3
Median number of units -- 2 2

New London County commercial real estate total supply

Supply United States Connecticut New London County
Number of parcels 58,466,290 301,832 28,224
Aggregate lot acerage -- 556,370 89,364
Aggregate building area -- 9,631,108 sf 534,523 sf
Aggregate units -- 426,740 31,842

New London County commercial real estate industrial mortgages

Debt United States Connecticut New London County
Number of mortgages -- 444,404 32,672
Average value of mortgages -- $752,763 $912,670

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