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27-29 Bank St

15,000 SF 100% Leased Retail Building New London, CT 06320 $567,000 ($38/SF)

Retail Space Connecticut New London 27-29 Bank St, New London, CT 06320

Executive Summary

Four story, 11,656 SF commercial building in the heart of downtown gutted and ready for buildout. City approvals for 9 apartments and 2 commercial spaces. 2,919 SF basement. 2021 appraisal available as well as architectural renderings. Great visibility and development opportunity in close proximity to the Amtrak station and future USCG Museum.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1880/2020
Price
$567,000
Price Per SF
$38
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Slab To Slab
10’
Building FAR
4.30
Lot Size
0.08 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - COM
Frontage
34 FT on Bank St
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Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Citizens Bank
Krispy Krunchy Chicken

PROPERTY TAXES

Parcel Number NLON-000028-000142-000017 Improvements Assessment $550,800
Land Assessment $72,200 Total Assessment $623,000

PROPERTY TAXES

Parcel Number
NLON-000028-000142-000017
Land Assessment
$72,200
Improvements Assessment
$550,800
Total Assessment
$623,000
(860) 437-0101 x223

Contacts

  • Listing ID: 28815875

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: 27-29 Bank St, New London, CT 06320

More public record information on 27-29 Bank St, New London, CT 06320

The Retail Property at 27-29 Bank St, New London, CT 06320 is currently available for sale. Contact US Properties for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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27-29 Bank St
(860) 437-0101 x 223

27-29 Bank St

1/2

Connie Howard

(860) 437-0101

x223

(860) 437-0101 x223

Susan Howard Cihocki

(860) 941-0694

(860) 941-0694

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