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    35 Bank St New London, CT 06320

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    For Sale
    $375,000

    Landmark theater for refurbishment or repurposing in downtown New London.

    Lot size:
    0.26 Acres

    Property Features for 35 Bank St

    General Information

    Lot size
    0.26 Acres

    Building Details

    Year built
    1920

    Source: US Properties Agent Constance Howard

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

    Overview

    Historic Theater in Opportunity Zone

    This historic theater, a landmark property, is situated in downtown New London within an Opportunity Zone. Originally constructed in 1921 as a Vaudeville theater and later used as a movie theater, the building offers potential for refurbishment or repurposing, including the possibility of adding floors and multiple revenue streams. The building has an 11,000-square-foot footprint, approximately 3,500-square-foot mezzanine, and an 11,000-square-foot basement. The theater formerly seated 2,500. A new roof was installed in 2010. Federal and Historic Tax credits are applicable. The property is located in close proximity to Amtrak and Long Island ferry stations, as well as the future Coast Guard Museum.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Hotel

    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
    -72.094217
    Latitude
    41.353523

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    FAQs

    What type of property is this?
    Theater & concert hall - Landmark theater for refurbishment or repurposing in downtown New London.
    Where is this theater & concert hall located?
    The property is located at 35 Bank St New London, CT.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Landmark, historic theater with a large 11,000 SF footprint in downtown New London.; - Located in an Opportunity Zone with potential for multiple revenue streams.; - Eligible for Federal and Historic Tax Credits.
    (615) 293-3878
    Request Owner's contact information
    35 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
    35 Bank St New London, CT 06320
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