multifamily
7,668 SF 5 Family+
53-55 Bank Street
New London, Connecticut 06320
Price
$1,625,000
Price/SF
$211.92/SF
Building Size
7,668 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. Contact 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
24157233
Property ID
ca09b78c-0fba-4229-9459-1db3e8770eac
MLS Information
MLS#: 24157233
Listed by: U.S. Properties Real Estate Services, LLC
Agent: Constance Howard • (615) 293-3878 • chowardusp@gmail.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.
Interested?
Contact us to learn more about this property and schedule a showing.
Request InformationSchedule Showing