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Historic Restaurant Building
New
For Lease
$20 SF/Yr

109-111 Bank St, New London, CT 06320

Flexible dining space with patio seating and a rear private-function area in New London’s Downtown Historic District.

Space SizeContact for details
Days on Market2

Property Features for 109-111 Bank St

General Information

Standard status Active

Additional Details

Space Use Restaurant
Patio Yes

Building Details

Year Built 1790
Listing Agency: Parker Benjamin Real Estate Se
Listed By: Shannon Healy
Source: Livianhomesct
Added: Sep 7 Last Checked: Sep 7 at 2:47PM

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 commercial property at 109-111 Bank Street is configured for restaurant use. The interior includes dining areas with a flexible arrangement, while a separate rear room provides space for private functions. An outdoor patio across the street from the waterfront adds an additional service area.

The property is within New London’s Downtown Historic District and is surrounded by dining, retail, and entertainment uses. Its Bank Street position provides visibility to pedestrian and vehicle traffic, with the waterfront located across the street. The property size is listed as 15,511, and the building’s address is 109-111 Bank St, New London, CT 06320.

Key Highlights

  • Restaurant property built in 1790
  • 15,511 property size
  • Flexible interior dining areas

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,727
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Flexible dining space with patio seating and a rear private-function area in New London’s Downtown Historic District.
Where is this conventional restaurant located?
The property is located at 109-111 Bank St New London, CT.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Restaurant property built in 1790; 15,511 property size; Flexible interior dining areas
More about this property
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