withdrawn

retail

623-625 Bank Street

New London, Connecticut 6320

Price

$540,000

Price/SF

$115.19/SF

Building Size

4,688 SF

Lot Size

0.12 acres

Year Built

1920

Units

4

Property Description

This centrally located mixed-use building is an opportunity to own a cash flowing asset in the thriving New London market. Located near major economic drivers like Electric Boat, Pfizer, Coast Guard Academy, Connecticut College, and UConn Avery Point, this asset is in the heart of Southeastern Connecticut's growing economy. 623-625 Bank Street is well-positioned in New London, offering convenient access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods. The Property benefits from strong connectivity to major regional routes, including Interstate 95, U.S. Route 1, and Route 32, providing efficient access throughout southeastern Connecticut and into Rhode Island The multi-story building contains one (1) Commercial unit and three (3) 2-Bedroom/1-Bathroom units with 4,472 square feet of gross living area in 4,688 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features one (1) off-street parking space. This is a great value-add opportunity for hands on investors looking to increase cash flow in a flourishing rental market.

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Additional Details

Zoning

C-1

MLS Number

24207830

Property ID

09cbe596-1d98-4892-9e3e-af5a32bf76fc

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MLS Information

MLS#: 24207830

Listed by: Horvath & Tremblay

Agent: Thomas Connor • (203) 243-8785 • tconnor@htapartments.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

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