15,511 SF

commercial

15,511 SF

109-111 Bank Street
New London, Connecticut 06320

Price

$1,400,000

Price/SF

$90.26/SF

Building Size

15,511 SF

Lot Size

0.26 acres

Year Built

1790

Property Description

109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7,023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4,500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property. Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits. The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat's continued workforce expansion and significant ongoing investment throughout downtown New London. Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors

Additional Details

Zoning

CBD-1

MLS Number

24174297

Property ID

183658eb-9476-4125-a19e-211b8c1332f3

MLS Information

MLS#: 24174297

Listed by: Parker Benjamin Real Estate Se

Agent: Shannon Healy • (203) 710-9886 • shealy@parkerbenjamin.com

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