Downtown Commercial Building Ready for
For Sale
Contact for pricing
27 Bank St, New London, CT 06320
Four-story, 11,656 SF building with approvals for mixed-use development.
Property Size11,656 SF
Price / SF$64.34
Days on Market1139
Property Features for 27 Bank St
General Information
Standard status
Active
Size
11,656 SF
Property subtype
Hospitality, Mixed Use, Retail
Zoning
CBD1
Building Details
Year Built
1875
Buildings
1
Stories
4
Listing Agency:
US Properties Inc
(860) 437-0101
Listed By:
Connie Howard · License #CT
Source:
Crexi
Added: Jul 18, 2023
Changed: Aug 16
Last Checked: Aug 24 at 8:06PM
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 US Properties Inc
Investment Insights
Based on property information with market context.
This four-story commercial building, totaling 11,656 square feet, is located in downtown. The building has been gutted and is ready for buildout. City approvals are in place for the development of 9 apartments and 2 commercial spaces. The property includes a 2,919 square foot basement. An appraisal from 2021 is available, along with architectural renderings. The property offers visibility and presents a development opportunity, in close proximity to the Amtrak station and the future USCG Museum.
Key Highlights
- City approvals for 9 apartments and 2 commercial spaces.
- 11,656 SF commercial building in the heart of downtown ready for buildout.**
- Great visibility and development opportunity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story, 11,656 SF building with approvals for mixed-use development.
Where is this mixed-use property located?
The property is located at 27 Bank St New London, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: City approvals for 9 apartments and 2 commercial spaces.; 11,656 SF commercial building in the heart of downtown ready for buildout.**; Great visibility and development opportunity.
