200 Bank Street

New London, CT 06320 Directions
$525,000
  • 2Baths
  • 4,728Sqft
  • 0.08Acres
  • 1939Built
  • $111Price/Sqft

Property Highlights

  • Days on Market: 73
  • MLS: 24155567

Property Highlights

  • Days on Market: 73
  • MLS: 24155567

Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4, 700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned...

Property Highlights

  • Days on Market: 73
  • MLS: 24155567

Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4, 700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.

Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4, 700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.

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  • Additional Information
    • Acres: 0.08
    • Area Type: Highway Access, Downtown, Shopping Mall
    • Is Occupied?: Tenant
    • Living Area SqFt: 4,728
    • Present Use: Restaurant
    • Property Tax: $8,826
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $8,826
    • Unit Count: 2
    • Utilities Available: Electric, Gas
    • Year Built: 1939
    • Zoning: CBD-1
  • Interior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Full Baths: 2
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Living SqFt Source: Public Records
    • Total Baths: 2
  • Exterior Features
    • Roof: Rubber

Listing Courtesy of Christopher Torrez of RE/MAX One.

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