109-111 Bank Street

New London, CT 06320 Directions
$1,400,000
  • 15,511Sqft
  • 0.26Acres
  • 1790Built
  • $90Price/Sqft

Property Highlights

  • Days on Market: 34
  • MLS: 24174297

Property Highlights

  • Days on Market: 34
  • MLS: 24174297

109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7, 023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4, 500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind...

Property Highlights

  • Days on Market: 34
  • MLS: 24174297

109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7, 023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4, 500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property. Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits. The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat's continued workforce expansion and significant ongoing investment throughout downtown New London. Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors

109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7, 023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4, 500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property. Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits. The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat's continued workforce expansion and significant ongoing investment throughout downtown New London. Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors

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  • Additional Information
    • Acres: 0.26
    • Area Type: Downtown, Historic Area
    • Is Occupied?: Vacant
    • Living Area SqFt: 15,511
    • Present Use: Vacant
    • Property Tax: $18,199
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer In Street
    • Tax Amount: $18,199
    • Utilities Available: Electric Available, Gas Available, Cable Available, Fire Suppression System
    • Year Built: 1790
    • Zoning: CBD-1
  • Interior Features
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Living SqFt Source: Public Records
  • Exterior Features
    • Roof: Asphalt Shingle

Listing Courtesy of Shannon Healy of Parker Benjamin Real Estate Se.

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