Downtown Retail Space
For Lease
$15 SF/Yr
153 Bank Street, New London, CT 06320
Commercial unit in downtown New London with high visibility.
Space SizeContact for details
Property Size1,132 SF
Days on Market152
Property Features for 153 Bank Street
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Commercial
Amenities
Central air
Heat Pump Cooling
Hot Water Heating
Tar/Gravel Roof
Building Details
Year Built
1885
Listing Agency:
US Properties
(860) 437-0101
Listed By:
CONSTANCE HOWARD · License #RES.0798067
Source:
Corcoran
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 5:47AM
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
Investment Insights
Based on property information with market context.
A 1,132 square foot commercial unit is available for rent within a mixed-use building located in downtown New London. The unit features hardwood floors, a high ceiling, and an ADA-compliant bathroom. Additionally, there is a 1,088 square foot basement. The property is suitable for retail, restaurant, boutique, or service businesses, benefiting from excellent visibility and foot traffic. A municipal parking lot located behind the building provides additional parking to supplement on-street parking.
Key Highlights
- Prime downtown location with excellent visibility and foot traffic.
- Versatile 1,132 SF commercial unit suitable for retail, restaurant, boutique, or service business.
- Additional 1,088 SF basement provides extra space.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Holiday Inn New London - Mystic Area
Hotels & Casinos
5,097 visits/mo
0.3 miles
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
Lease Benchmarks for New London, CT
$18.41 /SF/Yr
Avg Asking Price
$4.77–$37.89 /SF/Yr
Price Range
19,245 SF
Avg Space Size
This space is priced 19% below the average of $18.41 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit in downtown New London with high visibility.
Where is this retail space located?
The property is located at 153 Bank Street New London, CT.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime downtown location with excellent visibility and foot traffic.; Versatile 1,132 SF commercial unit suitable for retail, restaurant, boutique, or service business.; Additional 1,088 SF basement provides extra space.
