Listing Summary
Historic Crocker House for sale at 35 Union Street, New London, CT ($13,000,000). Landmark 75,075 sq. ft. mixed-use investment featuring 81 apartments, commercial spaces, and a Grand Ballroom.
Full Description
Trophy Real Estate Investment: The Historic Crocker House at 35 Union Street, New London, CT
An irreplaceable asset in the heart of downtown New London, The Crocker House represents a premier commercial real estate investment opportunity in southeastern Connecticut. Offered at $13,000,000, this landmark red-brick mixed-use property anchors the prominent corner of Union and State Streets. Spanning 75,075 square feet on a prime 0.65-acre corner lot, this historic five-story building combines robust cash flow, structural beauty, and long-term capital preservation.
Key Listing & Property Overview
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Address: 35 Union Street, New London, CT 06320 (New London County)
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List Price: $13,000,000 USD
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Property Type: Multifamily / Mixed-Use Landmark Building
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Building Size: 75,075 Sq. Ft.
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Lot Size: 0.65 Acres (Level, Corner Lot)
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Bedrooms / Bathrooms: 61 Beds | 81 Full Baths
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Year Built: 1873
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Annual Taxes: $142,349 (2026)
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MLS ID: 24184169
Diversified Revenue & Income Streams
Originally constructed in 1872–1873 as a world-class luxury hotel, The Crocker House has been thoughtfully modernized to generate three distinct revenue streams under a single roof:
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81 Residential Units: A versatile mix of studio, one-bedroom, and two-bedroom apartments. Select upper-level units boast panoramic water views of the Thames River and the bustling downtown harbor.
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7 Ground-Floor Commercial Retail Spaces: Prime storefront footprint providing high foot traffic and excellent visibility along Union and State Streets.
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Restored Grand Ballroom: An extraordinary event and community space that adds unique charm and incremental event-based revenue.
Modern Upgrades & Building Amenities
The building balances its rich Victorian-era masonry architecture with key interior updates designed to maximize tenant retention and minimize maintenance friction:
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Interior Renovations: Updated kitchens and modern flooring across residential units.
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Vertical Accessibility & Convenience: Full elevator service accessing all five floors, complemented by dedicated on-site laundry facilities on every level.
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Mechanical & Exterior Construction: Solid stone and masonry foundation, historic brick exterior, flat roof system, electric baseboard heating, central air conditioning, connected public sewer, and a full unfinished basement providing ample operational storage.
Unmatched Transit & Strategic Location
The Crocker House benefits from exceptional transit-oriented positioning in one of Connecticut's key coastal hubs:
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Transit Access: Located just steps from Union Station (serving Amtrak and Shore Line East commuters), the downtown waterfront, and City Pier.
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Major Regional Employers: Minutes from top employment drivers including General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer’s global research facility, and Connecticut College.
Listing Agent Information
Quick Glance
- Listing ID:
CL-Connecticut-28423
- Status:
Active
- Year Build:
1873
- Building Size:
75,075 SqFt
- Lot Size:
0.65 Acr
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