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    153 Bank St New London, CT 06320

    For Lease
    $17 SF/Yr ($1,603 /Mo)

    Commercial For Lease - New London, CT

    Property size:
    1,132 SF
    Lot size:
    0.18 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 153 Bank St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CBD-1
    APN
    1999801
    Size
    1,132 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas

    Building Details

    Year built
    1927
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX ON THE BAY (860) 739-0888 [email protected]

    Listing agent Kate Schargus (860) 739-0888

    Listing date Nov 19, 2025

    MLS# 24139568 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space in New London

    This commercial space in New London, CT, is suitable for retail, commercial, or office use. The property features hardwood floors, a mini-split system for air conditioning, and a full basement. A private parking space is available for the owner or an employee. The location offers high visibility and is close to the ferry, train station, and waterfront park. The lot size is 0.18 acres. The property size is 1,132 square feet and is zoned CBD-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eye Love Lashes ... Beauty Salon Beautè Luxe by ... Beauty Salon Lily Esthetics Eyelash Salon Sweet Lashes Eyelash Salon Lashes by Lee ... Beauty School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.095871
    Latitude
    41.352292

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    FAQs

    What type of property is this?
    Retail space - Retail or office space with high visibility and parking.
    Where is this retail space located?
    The property is located at 153 Bank St New London, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location ideal for retail/commercial/office use.; - Close proximity to ferry, train station, and waterfront park.; - Full basement provides additional space.
    (860) 739-0888
    Request Owner's contact information
    153 Bank St New London, CT 06320
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    New London, CT 06320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153 Bank St New London, CT 06320
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