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.
Features
- Heating System:
- Heat Pump
- Cooling System:
- Split System
- Heat Fuel Type:
- Natural Gas
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Location:
- Downtown
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Bank
- Street Number:
- 53-55
- Floor Number:
- 0
- Longitude:
- W73° 53′ 38.2”
- Latitude:
- N41° 21′ 47.3”
MLS Addon
- Office Name:
- U.S. Properties Real Estate Services, LLC
- Agent Name:
- Constance Howard
- List Agent MLSID:
- HOWARDCC
- List Office MLSID:
- THAM60
- Tax Year:
- July 2025-June 2026
- Directions:
- GPS friendly.
- HOA Fee Amount:
- $0
- Parcel Number:
- 1999829
- Property Tax:
- $23,446
- Zoning:
- CBD-1
Commercial For Sale
53-55 Bank, New London, 06320
0 Bedrooms
0 Bathrooms
10,636 Sqft
$1,950,000
Listing ID #24150729
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24150729
- Price :
- $1,950,000
- Bedrooms :
- 0
- Bathrooms :
- 0
- Half Bathrooms :
- 0
- Square Footage :
- 10,636 Sqft
- Year Built :
- 1897
- 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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