Mixed-Use Building with
New
For Sale
$540,000
623-625 Bank St, New London, CT 06320
Multi-story property combining a commercial unit with three residential apartments and off-street parking.
Property Size4,688 SF
Lot Size0.12 Acres
Price / SF$115.19
Days on Market7
Property Features for 623-625 Bank St
General Information
Standard status
Active
Size
4,688 SF
Total Parking Spaces
1
Lot size
0.12 Acres
Property subtype
Commercial
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
4,688 SF
Year Built
1920
Buildings
1
Listing Agency:
Horvath & Tremblay
Listed By:
Thomas Connor · License #RES.0796773
(203) 243-8785
Source:
Elliman
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 22 at 5:42PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Constructed in 1920, this multi-story mixed-use building includes one commercial unit and three residential apartments, each configured with two bedrooms and one bathroom. The property contains 4,472 square feet of gross living area within 4,688 square feet of gross area, along with one off-street parking space on a 0.12-acre parcel.
The property is located on Bank Street in New London, near the central business district, neighborhood retail corridors, and surrounding residential areas. Regional access includes Interstate 95, U.S. Route 1, and Route 32, connecting the property with southeastern Connecticut and Rhode Island. Nearby economic and institutional destinations include Electric Boat, Pfizer, the Coast Guard Academy, Connecticut College, and UConn Avery Point.
The property is located on Bank Street in New London, near the central business district, neighborhood retail corridors, and surrounding residential areas. Regional access includes Interstate 95, U.S. Route 1, and Route 32, connecting the property with southeastern Connecticut and Rhode Island. Nearby economic and institutional destinations include Electric Boat, Pfizer, the Coast Guard Academy, Connecticut College, and UConn Avery Point.
Key Highlights
- One commercial unit plus three 2‑Bedroom/1‑Bathroom residential units
- 4,472 square feet of gross living area within 4,688 square feet of gross area
- 0.12‑acre parcel with one off‑street parking space
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,791
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-story property combining a commercial unit with three residential apartments and off-street parking.
Where is this mixed-use property located?
The property is located at 623-625 Bank St New London, CT.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: One commercial unit plus three 2‑Bedroom/1‑Bathroom residential units; 4,472 square feet of gross living area within 4,688 square feet of gross area; 0.12‑acre parcel with one off‑street parking space
