Downtown Commercial Building Ready for
For Sale
$750,000
27 Bank St, New London, CT 06320
Four-story, 11,656 SF building with approvals for mixed-use development.
Property Size11,656 SF
Price / SF$64.34
Days on Market209
Property Features for 27 Bank St
General Information
Standard status
Active
Size
11,656 SF
Building Details
Year Built
1875
Listing Agency:
US Properties
Listed By:
Constance Howard, Susan Howard Cihocki
Source:
Livianhomesct
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 7 at 1:21PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-story commercial building, totaling 11,656 square feet, is located in downtown. The building has been gutted and is ready for buildout. City approvals are in place for the development of 9 apartments and 2 commercial spaces. The property includes a 2,919 square foot basement. An appraisal from 2021 is available, along with architectural renderings. The property offers visibility and presents a development opportunity, in close proximity to the Amtrak station and the future USCG Museum.
Key Highlights
- City approvals for 9 apartments and 2 commercial spaces.
- 11,656 SF commercial building in the heart of downtown ready for buildout.**
- Great visibility and development opportunity.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story, 11,656 SF building with approvals for mixed-use development.
Where is this mixed-use property located?
The property is located at 27 Bank St New London, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: City approvals for 9 apartments and 2 commercial spaces.; 11,656 SF commercial building in the heart of downtown ready for buildout.**; Great visibility and development opportunity.
