Historic Mixed-Use Property with
For Sale
$1,400,000
109-111 Bank St, New London, CT 06320
CBD-1 property combines a substantial restaurant layout with private event areas and outdoor hospitality space.
Property Size15,511 SF
Price / SF$90.26
Days on Market36
Property Features for 109-111 Bank St
General Information
Standard status
Active
Size
15,511 SF
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Patio
Yes
Amenities
private dining/event areas
outdoor pavilion
Building Details
Year Built
1790
Listing Agency:
Parker Benjamin Real Estate Se
(203) 710-9886
Listed By:
Shannon Healy
Source:
Livianhomesct
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 28 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Benjamin Real Estate Se
Investment Insights
Based on property information with market context.
Built in 1790, this historic mixed-use property contains approximately 7,023 SF and is configured around a large restaurant layout. Private dining and event areas complement outdoor amenities that total over 4,500 SF across a patio and pavilion. The property is located at 109-111 Bank Street in downtown New London’s Bank Street district and includes access to a city-owned parking lot immediately behind the building.
Prepared redevelopment drawings by DJLU Architect envision a mixed-use arrangement with a ground-floor restaurant and hospitality concept and residential apartments on the upper floors. The property sits between Tox Brewing Company and Hygienic Art, with Union Station, Cross Sound Ferry, and the future National Coast Guard Museum within walking distance. Zoning is CBD-1, and the property may qualify for state and federal historic tax credits.
Prepared redevelopment drawings by DJLU Architect envision a mixed-use arrangement with a ground-floor restaurant and hospitality concept and residential apartments on the upper floors. The property sits between Tox Brewing Company and Hygienic Art, with Union Station, Cross Sound Ferry, and the future National Coast Guard Museum within walking distance. Zoning is CBD-1, and the property may qualify for state and federal historic tax credits.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Holiday Inn New London - Mystic Area
Hotels & Casinos
5,097 visits/mo
0.3 miles
Demographics for 06320, CT
27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD-1 property combines a substantial restaurant layout with private event areas and outdoor hospitality space.
Where is this mixed-use property located?
The property is located at 109-111 Bank St New London, CT.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 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
