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
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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