53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
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Keith Evans

Keith Evans

+1(203) 733-4212
$1,625,000
Est. payment /mo
10,636 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,636 sqft

Price per Sqft $152

MLS Listing ID 24150729

Year Built 1897

Annual Tax Amount $23,446

Lot Size 4,791 Sqft

Property Description

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.

Location

State CT

County New London

Zoning CBD-1

Interior

Heating Heat Pump

Cooling Split System

Exterior

Utilities Available Electric Available, Phone Available

Roof Type Tar/Gravel

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Constance Howard • U.S. Properties Real Estate Services, LLC

Nearby Locations

Keith Evans
Keith Evans

Sales Vice President | License ID: REB.0757407

+1(203) 733-4212 | keith.evans@raveis.com

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