Mixed-Use Building in
For Sale
$1,350,000
147 Bank Street, New London, CT 06320
Fully leased mixed-use property in downtown New London.
Property Size11,894 SF
Lot Size0.09 Acres
Price / SF$113.50
Days on Market183
Property Features for 147 Bank Street
General Information
Standard status
Active
Size
11,894 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,272
Amenities
Central air
Heat Pump Heating
Level Lot
Split System Cooling
Tar/Gravel Roof
Building Details
Year Built
1900
Listing Agency:
U.S. Properties Real Estate Services, LLC
(860) 691-2011
Listed By:
CONSTANCE HOWARD · License #RES.0798067
Source:
Corcoran
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 6:12AM
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 located in the heart of downtown New London. The two-story building, constructed in 2017, has a total area of 11,894 square feet. The first floor features a 3,193-square-foot commercial space. The second floor contains three apartments occupying 5,508 square feet. The apartments feature high ceilings, large windows, and views of the Thames River. The property also includes a 3,193-square-foot basement. The net operating income is approximately $76,536. This property offers an excellent 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.
Key Highlights
- Fully leased, mixed‑use property in downtown New London.
- Stable cash flow with NOI approximately $76,536.
- Includes commercial space and three apartments.
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 Street 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: Fully leased, mixed‑use property in downtown New London.; Stable cash flow with NOI approximately $76,536.; Includes commercial space and three apartments.
