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    New London, CT
    Conventional Restaurant

    New London, CT Conventional Restaurants for Sale

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    Downtown Restaurant Building with Patio
    Updated: Feb 23
    Downtown Restaurant Building with Patio

    200 Bank Street, New London, CT 06320

    $475,000
    4,728 sqft 0.08 AC lot
    Downtown New London commercial building with 4,700+ SF of versatile interior space plus a 586 SF patio
    Building is configured as two separate units; currently leased to a single tenant restaurant operating the entire building
    Sale includes the building only; the restaurant business is not included
    Year built 1939; central air cooling
    Public utilities: public water and public sewer
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    Historic Mixed-Use Waterfront Property
    Updated: May 11
    Historic Mixed-Use Waterfront Property

    109-111 Bank St, New London, CT 06320

    $1,400,000
    7,023 sqft
    Historic waterfront Bulkeley House, built in 1790, located in downtown New London's Bank Street district.
    Large existing restaurant layout with private dining/event areas and an expansive outdoor patio and pavilion space (over 4,500 SF).
    Located between Tox Brewing Company and Hygienic Art.
    Redevelopment potential with prepared permit set drawings for mixed‑use conversion.
    Immediate access to a city‑owned parking lot.
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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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    Mixed-Use Building in Downtown
    Mixed-Use Building in Downtown

    53 Bank St, New London, CT 06320

    $1,625,000
    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 Building with Turnkey Restaurant
    Mixed-Use Building with Turnkey Restaurant

    20-22 Lafayette Street, Norwich, CT 06360

    $650,000
    3,476 sqft

    First-floor turnkey restaurant business with equipment and a second-floor 3-bedroom apartment, plus finished attic and full basement.

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    Mixed-Use Restaurant and Residence
    Mixed-Use Restaurant and Residence

    20-22 Lafayette Street, Norwich, CT 06360

    $650,000
    3,476 sqft 0.40 AC lot

    Turnkey first-floor restaurant paired with an upstairs 3-bedroom apartment plus additional finished attic and basement storage.

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    Sushi Restaurant and Residence
    Sushi Restaurant and Residence

    1043 Poquonnock Road, Groton, CT 06340

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

    Front building operates as a sushi restaurant, paired with a separate 5-bedroom, 2-bath residence on one lot.

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    Conventional Restaurant Building
    Conventional Restaurant Building

    587 Long Hill Rd, Groton, CT 06340

    Contact for pricing

    Restaurant property for sale at 587 Long Hill Rd in Groton, Connecticut.

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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 26,717 square feet of properties for sale, with an estimated market value of $3,500,000.

    Sale prices for conventional restaurants in New London, CT start at $475,000, averaging $1,166,666, and reaching up to $1,625,000 — 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 8
    Drive through restaurants 3
    Bars & Pubs 2
    Commercial kitchens 2

    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 $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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