53 Bank Street

New London, CT 06320 Directions
$1,950,000
  • 10,636Sqft
  • 0.11Acres
  • 1897Built
  • $183Price/Sqft

Property Highlights

  • Days on Market: 2
  • MLS: 24150729

Property Highlights

  • Days on Market: 2
  • MLS: 24150729

Mixed Use Property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10, 636 Sf, 3 story building has 1 commercial 2, 556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F, F&E. There are 8 apartments on the 5, 112 SF second and third floors. There is a 2, 556 SF basement. NOI approximately $107, 329. Room to increase NOI leasing the commercial unit which had been paying $3, 075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank...

Property Highlights

  • Days on Market: 2
  • MLS: 24150729

Mixed Use Property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10, 636 Sf, 3 story building has 1 commercial 2, 556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F, F&E. There are 8 apartments on the 5, 112 SF second and third floors. There is a 2, 556 SF basement. NOI approximately $107, 329. Room to increase NOI leasing the commercial unit which had been paying $3, 075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Mixed Use Property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10, 636 Sf, 3 story building has 1 commercial 2, 556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F, F&E. There are 8 apartments on the 5, 112 SF second and third floors. There is a 2, 556 SF basement. NOI approximately $107, 329. Room to increase NOI leasing the commercial unit which had been paying $3, 075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

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  • Additional Information
    • Acres: 0.11
    • Area Type: Downtown
    • Is Occupied?: Tenant
    • Living Area SqFt: 10,636
    • Property Tax: $23,446
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $23,446
    • Unit Count: 9
    • Utilities Available: Electric Available, Phone Available
    • Year Built: 1897
    • Zoning: CBD-1
  • Interior Features
    • Air Conditioning: Split System
    • Cooling: Split System
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Living SqFt Source: Public Records
    • Stories: 3
  • Exterior Features
    • Roof: Tar/Gravel

Listing Courtesy of Constance Howard of U.S. Properties Real Estate Services, Llc.

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