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Mixed-Use Building in Downtown

147 Bank St, New London, CT 06320

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For Sale

$1,500,000

Fully leased mixed-use property in downtown New London.

Type:Commercial

Property size:

11,894 SF

Price / SF:

$126/SF

HighLights

Fully leased, mixed‑use property in downtown New London.
Stable cash flow with NOI approximately $76,536.
Renovated in 2017.
Three apartments with high ceilings, large windows, and Thames River views.
Includes a 3,193 SF commercial space and a 3,193 SF basement.
Potential to purchase as a package with other properties for a total of 6 commercial units and 17 apartments.

We can help!

Listing Contact

Susan Howard Cihocki

Learn more

For Sale

$1,500,000

Fully leased mixed-use property in downtown New London.

Type:Commercial

Property size:

11,894 SF

Price / SF:

$126/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 7:53 pm

Property Features for 147 Bank St

General Information

Standard status: Active
Size: 11,894 SF
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Susan Howard Cihocki

Listing agent Susan Howard Cihocki License #RES.0798067

Listing office US Properties

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Fully leased, mixed‑use property in downtown New London.
Stable cash flow with NOI approximately $76,536.
Renovated in 2017.
Three apartments with high ceilings, large windows, and Thames River views.
Includes a 3,193 SF commercial space and a 3,193 SF basement.
Potential to purchase as a package with other properties for a total of 6 commercial units and 17 apartments.

Overview

This is a fully leased, mixed-use property situated in downtown New London. The two-story building encompasses 11,894 square feet, featuring a 3,193-square-foot commercial space on the first floor and three apartments occupying 5,508 square feet on the second floor. The property also includes a 3,193-square-foot basement. The apartments are characterized by high ceilings, large windows, and views of the Thames River. The building underwent a complete renovation in 2017. The Net Operating Income (NOI) is approximately $76,536. This property is an investment opportunity with stable cash flow. The property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments. The bike score is 43, indicating it is somewhat bikeable. The walk score is 65, indicating it is somewhat walkable. The transit score is 29, indicating some transit options are available.

Location Intelligence

Current Use by Public Records

Eagle’s View Luxury ... Apartment Complex Berths on Bank Apartment Building Siam Therapeutic & Spa Alternative Medicine Practice

Suggested Use

Location Insight

Map
Local Demand

City: New London
County
State: Connecticut
Longitude: -72.095871
Latitude: 41.352292

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What type of property is this?

Mixed-use property - Fully leased mixed-use property in downtown New London.

Where is this mixed-use property located?

The property is located at 147 Bank St New London, CT.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Fully leased, mixed‑use property in downtown New London.; Stable cash flow with NOI approximately $76,536.; Renovated in 2017.

147 Bank St, New London, CT 06320

Fully leased mixed-use property in downtown New London.

Property Features for 147 Bank St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Charming Historic Seaside District Hotel

Downtown Commercial Building with Patio

Professional Condominium For Sale

Four-Family Residential Income Property

Turnkey Three-Family Income Property

Downtown New London Commercial Building

Historic Mixed-Use Building For Sale

New London Two-Family Property

Downtown New London Office/Retail Building

Boutique Seaside Hotel

Freestanding Commercial Building with Drive-Throughs

Downtown New London Office/Retail Building

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