53 Bank Street

New London, CT 06320

  • $1,950,000
  • 10,636 Sqft
  • 0.11 Acres
  • 1897 Built
  • $183 Price/Sqft

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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Property Highlights
  • DAYS ON MARKET : 11
  • MLS : 24150729

Additional Information

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

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Location for 53 Bank Street, New London, CT

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New London>

New London

Shoreline, Connecticut

A historic whaling port, New London is a charming city located at the mouth of New London County’s Thames River and plays host each year to Sailfest. Its Ocean Park Beach is a prime destination for those...

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Request More Info for 53 Bank Street, New London, CT

  • William Pitt Sotheby's International Realty

Listing Courtesy of Constance Howard of ((615) 293-3878)U.S. Properties Real Estate Services, Llc (860.691.2011).