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    New London, CT
    Conventional Restaurant

    New London, CT Conventional Restaurants for Sale

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    Historic Mixed-Use Property with Patio
    Updated: Jul 24
    Historic Mixed-Use Property with Patio

    109-111 Bank St, New London, CT 06320

    $1,400,000
    15,511 sqft
    Approximately 7,023 SF mixed‑use property built in 1790
    Existing restaurant configuration with private dining and event areas
    Outdoor patio and pavilion space totaling over 4,500 SF
    City‑owned parking lot immediately behind the property
    CBD‑1 zoning in downtown New London’s Bank Street district
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    Waterfront Bar & Pub
    Updated: Jul 17
    Waterfront Bar & Pub

    52 Bank St, New London, CT 06320

    $1,200,000
    1,952 sqft
    3,632 SF interior with seating for 130
    1,321 SF outdoor deck with seating for 50
    Complete building renovation completed in 2022
    Two handicap‑accessible bathrooms plus two additional bathrooms and 1 shower
    New appliances, utilities, and roof installed during renovation
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    Equipped Restaurant with Private Entrance
    Equipped Restaurant with Private Entrance

    341-345 Bank Street, New London, CT 06320

    Contact for pricing
    4,330 sqft

    4,330 SF restaurant with a full kitchen, bar seating, and dining capacity for 180, plus a separate entrance for events.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Building in Downtown
    Mixed-Use Building in Downtown

    53 Bank St, New London, CT 06320

    Contact for pricing
    10,636 sqft

    Mixed-use property with commercial space and apartments in downtown New London.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in New London, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Restaurant Property
    Mixed-Use Restaurant Property

    20 Lafayette Street, Norwich, CT 06360

    $635,000
    3,476 sqft

    Restaurant operations occupy the ground floor, with residential space, finished attic area, and basement storage above and below.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    1043 Poquonnock Rd, Groton, CT 06340

    $1,200,000
    2,849 sqft

    The offering combines a sushi restaurant business with a separate five-bedroom residence and detached garage.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    1043 Poquonnock Road, Groton, CT 06340

    $1,200,000
    2,849 sqft 0.39 AC lot

    Two-building commercial property combines a sushi restaurant with an upgraded residence and detached garage.

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    Restaurant Space Near Area Businesses
    Restaurant Space Near Area Businesses

    20 Lafayette Street Unit 1, Norwich, CT 06360

    Contact for pricing
    1,740 sqft

    Restaurant premises with established service-area surroundings and in-street parking near shopping centers, hospitals, and other businesses.

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    New London, CT Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in New London, CT, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 32,429 square feet of properties for sale, with an estimated market value of $2,600,000.

    Sale prices for conventional restaurants in New London, CT start at $1,200,000, averaging $1,300,000, and reaching up to $1,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 9
    Bars & Pubs 4
    Drive through restaurants 2
    Commercial kitchens 1

    Demographics Overview

    Population 27K
    Population Growth (5Y) +0.7%
    Median Household Income $60,224
    College Educated 41.7%

    High-Yield Neighborhoods for Investment

    Identify New London submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    06320 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $25.71 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in New London fall within the Under 2,500 square foot range.

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