200 Bank Street New London, CT 06320

Building Details

Year Built

1939

Listing Agency RE/MAX ONE c***@gmail.com Show Phone

Listed by CHRISTOPHER TORREZ · License #RES. 0042952

Source Corcoran

Added: Feb 23 Checked: Jul 17 at 2:43 am

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Investment Insights

Based on property information with market context.

This commercial building, located in downtown New London, offers over 4,700 square feet of interior space, plus a 586 square foot patio. Currently configured as two separate units, the property is leased to a single tenant operating a restaurant. Situated in a high-visibility, high-foot-traffic location, the property benefits from surrounding retail, dining, and waterfront attractions. The building offers possibilities for investors and owner-operators to continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. There is potential to build upward and add residential apartments above, creating a mixed-use investment, subject to approvals. The sale includes the building only; the restaurant business is not included.

Key Highlights

• Prime downtown location with high visibility and foot traffic.
• Immediate rental income potential from a single tenant (successful restaurant).
• Versatile interior space (4,700+ sq ft) and a 586 sq ft patio.

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FAQs

What type of property is this?

Storefront property - Prime commercial building with income and development potential.

Where is this storefront property located?

The property is located at 200 Bank Street New London, CT.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Prime downtown location with high visibility and foot traffic.; Immediate rental income potential from a single tenant (successful restaurant).; Versatile interior space (4,700+ sq ft) and a 586 sq ft patio.