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Property Description
PRIME WATERFRONT DEVELOPMENT OPPORTUNITY – 130 Bank Street, New London Positioned in the heart of historic downtown New London, this landmark building offers unmatched potential for transformation. Gutted and ready for redevelopment, it’s perfectly suited for a vibrant mixed-use project, retail or restaurant space on the first floor and lower level, with apartments above. Zoned CBD-1 and located within an Opportunity Zone, this property comes with valuable tax incentives for investors. The location is unbeatable – across from popular destinations like Tox Brewing Company, Waffle Company, Muddy Waters Cafe, and a variety of shops and restaurants that fuel the area’s thriving energy. The property includes 9 dedicated parking spots, a side lot ideal for expansion, and waterside views that add to its appeal. Retail possibilities are endless – wine bar, coffee shop, national tenant (Starbucks, Subway, Chipotle etc), or boutique concept – while upper floors offer lucrative residential potential. This is a rare chance to restore and expand a historic treasure and create a premier destination the community will embrace!
Features
Heating System:
No Heat
Cooling System:
No
Foundation Type:
Concrete, Stone
Fireplaces Total:
0
Parking Total Spaces:
9
Location:
Downtown, Historic Area, Retail Corridor
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Bank
Street Number:
130
Floor Number:
0
Longitude:
W73° 53′ 38.2”
Latitude:
N41° 21′ 47.3”
MLS Addon
Office Name:
William Raveis Real Estate
Agent Name:
Carlos Reyes
List Agent MLSID:
REYESC
List Office MLSID:
RAVEIS03
Tax Year:
July 2025-June 2026
Directions:
Property is in the Historic District on the water side of Bank Street. Right across from Tox Brewing Company.
HOA Fee Amount:
$0
Parcel Number:
1999757
Property Tax:
$5,367
Zoning:
CBD-1 + Opportunity Zone

Commercial For Sale

130 Bank, New London, 06320

0 Bedrooms
0 Bathrooms
4,376 Sqft
$245,000
Listing ID #24118367
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24118367
Price :
$245,000
Bedrooms :
0
Bathrooms :
0
Half Bathrooms :
0
Square Footage :
4,376 Sqft
Year Built :
1910
Lot Area :
0.11 Acre
City:
New London
Zipcode:
06320
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…