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35-41 Bank St

11,000 SF Retail Building New London, CT 06320 $375,000 ($34/SF)

Mixed Use Properties Connecticut New London 35-41 Bank St, New London, CT 06320

Investment Highlights

  • Refurbish or repurpose.

Executive Summary

Landmark, historic theater in the heart of downtown New London located in the Opportunity Zone, ready to be refurbished or re-purposed with potential for adding floors and multiple revenue streams. Building has an 11,000 SF footprint, approximately 3,500 SF mezzanine and 11,000 SF basement. Built in 1921 as a Vaudeville theater, later used as a movie theater, seated 2,500. new roof in 2010. Federal and Historic Tax credits applicable. Wonderful opportunity to create a destination site! In close proximity to Amtrak and Long Island ferry stations and the future Coast Guard Museum.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,000 SF
Building Class
C
Year Built
1900
Price
$375,000
Price Per SF
$34
Tenancy
Single
Building Height
3 Stories
Slab To Slab
14’
Building FAR
0.97
Land Acres
0.26 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
CBD1 - Central Business District
1 of 1
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
(860) 437-0101 x223

  • Listing ID: 33354431

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 35-41 Bank St, New London, CT 06320

The Retail Property at 35-41 Bank St, New London, CT 06320 is currently available For Sale. Contact US Properties for more information.

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35-41 Bank St
(860) 437-0101 x 223

35-41 Bank St

1/2

Connie Howard

(860) 437-0101

x223

(860) 437-0101 x223

Susan Howard

(860) 437-0101

x26

(860) 437-0101 x26

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