Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    224-258 Bank St New London, CT 06320

    For Sale
    $3,750,000

    Office building for sale in New London, Connecticut.

    Property size:
    48,843 SF
    Lot size:
    0.01 Acres

    Property Features for 224-258 Bank St

    General Information

    Size
    48,843 SF
    Lot size
    0.01 Acres

    Source: Londregan Commercial Real Estate Group Agent James M. Gillanders

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

    Overview

    New London Office Building

    This office building, located in New London, Connecticut, offers 48,843 square feet of space. The property is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -72.096821
    Latitude
    41.351595

    Nearby Similar for Sale

    • $799,000
      9,870 SF

      Professional Office Building For Sale

      Two-story office building with six suites and ample parking.
      516 Vauxhall St, New London, CT 06320
      View Details
    • $119,999
      2,009 SF

      Professional Condominium in New London

      Versatile professional condominium with well-designed layout and immediate use potential.
      270 Montauk Ave, New London, CT 06320
      View Details
    • $539,000
      2,816 SF

      Three Condos in New London

      Three-condo investment opportunity in a well-maintained building with modern updates.
      9 Brewer St, New London, CT 06320
      View Details
    • $299,900
      2,100 SF

      Versatile Office/Warehouse Space Available

      Office/warehouse space with garage doors, kitchen, bath, and parking.
      264 Vauxhall St, New London, CT 06320
      View Details
    • $4,699,000

      New London Commercial Building Conversion

      26,727 SF building near Yale New Haven Hospital.
      89 Viets St, New London, CT 06320
      View Details
    • $249,900

      New London Commercial Space Available

      Versatile commercial space suitable for various purposes in New London.
      109 Blinman St, New London, CT 06320
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for sale in New London, Connecticut.
    Where is this office building located?
    The property is located at 224-258 Bank St New London, CT.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - Office building for sale; - Located in New London, Connecticut
    (860) 388-9100
    Request Owner's contact information
    224-258 Bank St New London, CT 06320
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224-258 Bank St
    New London, CT 06320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    224-258 Bank St New London, CT 06320
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.