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Retail Space With Basement
New
For Lease
$15 SF/Yr

153 Bank St, New London, CT 06320

Hardwood flooring, a high ceiling and an ADA bathroom distinguish this downtown unit.

Space Size1,132 SF
Days on Market7

Property Features for 153 Bank St

General Information

Standard status Active
Size 1,132 SF
Net Rentable 1,132 SF
Property subtype Commercial

Space & Availability

Available Space 1,132 SF
Contiguous Space 1,132 SF

Amenities

hardwood floors
high ceiling
ADA bathroom

Building Details

Building Size 1,132 SF
Year Built 1927
Listed By: Susan Howard Cihocki
Source: Elliman
Added: Oct 7 Last Checked: Oct 12 at 7:48PM

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 Susan Howard Cihocki

Investment Insights

Based on property information with market context.

A retail unit within a mixed-use building at 153 Bank Street offers 1,132 SF on the main level, with hardwood floors, a high ceiling and an ADA bathroom. An additional 1,088 SF basement provides separate below-grade space. The building dates to 1927.

The property is in downtown New London. A municipal parking lot sits behind the building, with on-street parking also available.

Key Highlights

  • 1,132 SF retail unit in a mixed‑use building
  • Additional 1,088 SF basement
  • Hardwood floors, high ceiling and ADA bathroom

Property Analytics

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Current Use

Eye Love Lashes ... Hair Salon Beautè Luxe by ... Hair Salon Lily Esthetics Hair Salon Sweet Lashes Hair Salon Lashes by Lee ... Vocational School

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New London, CT

$15.69 /SF/Yr
Avg Asking Price
$4.04–$37.89 /SF/Yr
Price Range
16,767 SF
Avg Space Size

This space is priced 4% below the average of $15.69 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Hardwood flooring, a high ceiling and an ADA bathroom distinguish this downtown unit.
Where is this retail space located?
The property is located at 153 Bank St 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: 1,132 SF retail unit in a mixed‑use building; Additional 1,088 SF basement; Hardwood floors, high ceiling and ADA bathroom
More about this property
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