Fully Leased Mixed-Use
For Sale
$1,350,000
147 Bank St, New London, CT 06320
Fully leased downtown New London building with ground-floor commercial space and apartments on the upper floors.
Property Size8,701 SF
Price / SF$155.15
Days on Market52
Property Features for 147 Bank St
General Information
Standard status
Active
Size
8,701 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Year Renovated
2017
Stories
2
Tenancy
Multi
Listing Agency:
U.S. Properties Real Estate Services, LLC
(203) 758-0264
Listed By:
Constance Howard
Source:
Davejonesrealty
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 29 at 7:18AM
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 U.S. Properties Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This fully leased, mixed-use property is a two-story building with a 3,193 SF commercial space on the first floor and three apartments on the second floor. The second-floor apartment area totals 5,508 SF, and the building includes a 3,193 SF basement. The apartments feature high ceilings, large windows, and views of the Thames River. The property was fully renovated in 2017.
Located in the heart of downtown New London at 147 Bank St, the building combines income-producing street-level commercial space with residential units above. The Thames River views from the apartments are a notable amenity within the downtown setting.
As presented, the property is positioned for buyers seeking a turnkey, fully leased mixed-use asset. NOI is approximately $76,536, and financials are available by contacting the office. The seller also indicates the property may be purchased as part of a package with 53 Bank St and 153 Bank Street, which would provide a total of 6 commercial units and 17 apartments.
Located in the heart of downtown New London at 147 Bank St, the building combines income-producing street-level commercial space with residential units above. The Thames River views from the apartments are a notable amenity within the downtown setting.
As presented, the property is positioned for buyers seeking a turnkey, fully leased mixed-use asset. NOI is approximately $76,536, and financials are available by contacting the office. The seller also indicates the property may be purchased as part of a package with 53 Bank St and 153 Bank Street, which would provide a total of 6 commercial units and 17 apartments.
Key Highlights
- 11,894 SF, 2‑story mixed‑use building in downtown New London, fully leased
- First‑floor commercial space totals 3,193 SF
- Second floor includes 3 apartments across 5,508 SF
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased downtown New London building with ground-floor commercial space and apartments on the upper floors.
Where is this triplex located?
The property is located at 147 Bank St New London, CT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 11,894 SF, 2‑story mixed‑use building in downtown New London, fully leased; First‑floor commercial space totals 3,193 SF; Second floor includes 3 apartments across 5,508 SF
