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Multi-Use Building 369 Bank St

10,184 SF 100% Leased Retail Building New London, CT 06320 $379,000 ($37/SF) 4.80% Cap Rate

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Investment Highlights

Investment opportunity.

Executive Summary

Multi-Use building. 2 floors; First floor has clothing store on one side, the other side is available. Second floor is available. Drive-thru door in back of building for second floor if needed. Access also from stairs in front of building. Owner financing available.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

10,184 SF

Building Class

Year Built

1900

Price

$379,000

Price Per SF

$37

Cap Rate

4.80%

NOI

$18,192

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

1.95

Lot Size

0.12 AC

Opportunity Zone

Yes

Zoning

Commercial - General commercial zone.

Frontage

44 FT on Bank

Amenities

Bus Line

About 369 Bank St , New London, CT 06320

Two story multi-use building in downtown New London. Priced to sell! First floor and second floor are 5,092 SF each; 10,184 SF total. Fully leased first floor. One tenant paying $1000/month. Second tenant paying $1,150/month. Second floor tenant; a gym, pays $1,350/month. Drive-thru door in back of building for second floor if needed. Access also from stairs in front of building. Owner financing available.