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    8 Bank St New London, CT 06320

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    For Lease
    $3,000 /Mo ($16 SF/Yr)

    Prime corner restaurant space in downtown New London for rent.

    Property size:
    2,226 SF
    Lot size:
    2,226 SF

    Property Features for 8 Bank St

    General Information

    Standard status
    Active
    Size
    2,226 SF

    Building Details

    Year built
    1981

    Source: US Properties Agent CONSTANCE HOWARD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Corner Restaurant Space Available

    This 2,226 square foot space is located on a prime corner in downtown New London, specifically at the intersection of Bank Street and State Street. The layout includes 1,308 square feet fronting Bank Street and an additional 918 square feet on State Street. Its location offers close proximity to the train station and ferry terminal. The space is equipped to accommodate approximately 65 indoor seats. Existing kitchen equipment includes a hood, fryolators, pizza oven, gas stove, a three-bay sink, and a walk-in cooler. The space is offered "as is" with an incentive of six months free rent. The lease rate is $3,000 per month, in addition to utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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.

    Similar Places Nearby

    The Khaotic Kitchen, Fatboy's Kitchen and Bar

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.093838
    Latitude
    41.353977

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    FAQs

    What type of property is this?
    Restaurant - Prime corner restaurant space in downtown New London for rent.
    Where is this restaurant located?
    The property is located at 8 Bank St New London, CT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location in downtown New London at the intersection of Bank Street and State Street.; - 2,226 SF space with frontage on both Bank Street (1,308 SF) and State Street (918 SF).; - Kitchen equipment included: hood, fryolators, pizza oven, gas stove, 3 bay sink, walk-in cooler.
    (860) 437-0101
    Request Owner's contact information
    8 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
    8 Bank St New London, CT 06320
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