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Downtown Restaurant Building with Patio

200 Bank Street New London, CT 06320

200 Bank Street, New London, CT, 06320
$475,000
For Sale
Claim this Listing
$475,000

COMMERCIAL - New London, CT

Property Size4,728 SF
Lot Size0.08 Acres
Price / SF$100.47
AddedFeb 23
Days on Market141
Last RefreshJul 14 at 4:06 pm

Property Features for 200 Bank Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
CBD-1
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
Size
4,728 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
8826

Utilities

Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public

Building Details

Year built
1939

Listing agent Christopher Torrez License #RES. 0042952

Listing office RE/MAX One 212 Route 32, Waterford, CT

Listing date Feb 23, 2026

MLS# 24155567

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This well-maintained commercial building provides versatile interior space currently configured as two separate units. It is presently leased to a single tenant restaurant that occupies the entire building, with an additional patio space included as part of the property.

The property is zoned CBD-1 and is located at 200 Bank Street in New London, CT. Sale includes the building only; the restaurant business is not included in the sale.

The existing setup offers ongoing income while keeping the opportunity for future flexibility based on the two-unit configuration. The property also notes potential to build upward and add residential apartments above, subject to approvals.

Key Highlights

  • 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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mambo Bar & Restaurant Restaurant

Suggested Use

Real Estate Agency Building Supply Auto Parts Store Big Box & Wholesale Store Storage Facility Garden Center HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Electrical Service

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

FAQs

What type of property is this?
Conventional restaurant - Well-maintained building offers two configured units with an attached patio, currently leased to a single restaurant tenant.
Where is this conventional restaurant located?
The property is located at 200 Bank Street New London, CT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 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
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