commercial
10,636 SF
53-55 Bank Street
New London, Connecticut 06320
Price
$1,625,000
Price/SF
$152.78/SF
Building Size
10,636 SF
Lot Size
0.11 acres
Year Built
1897
Units
9
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.
Additional Details
Zoning
CBD-1
MLS Number
24150729
Property ID
3e61ee73-bc25-4ed9-a4cd-4bfda1f76281
MLS Information
MLS#: 24150729
Listed by: U.S. Properties Real Estate Services, LLC
Agent: Constance Howard • (615) 293-3878 • chowardusp@gmail.com
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