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Equipped Restaurant with Private Entrance
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341-345 Bank Street, New London, CT 06320

4,330 SF restaurant with a full kitchen, bar seating, and dining capacity for 180, plus a separate entrance for events.

Property Size4,330 SF
Price / SF$0.92
Days on Market51

Property Features for 341-345 Bank Street

General Information

Standard status Active
Size 4,330 SF
Total Parking Spaces 6
Property subtype Commercial

Additional Details

Commercial Hood Yes

Amenities

walk-in cooler
3-bay sink
food prep area
bar area
brick fireplace
private event room with separate entrance

Building Details

Year Built 1900
Listing Agency: U.S. Properties Real Estate Services, LLC
Listed By: Constance Howard · License #RES.0798067
Source: Lockandkeyre
Added: Jul 21 Changed: Sep 8 Last Checked: Sep 9 at 7:39AM

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 4,330 SF equipped restaurant features a large kitchen with a hood, walk-in cooler, 3-bay sink, and dedicated food prep area. Front-of-house includes a bar area for 20, a brick fireplace, and restaurant seating for 180. An additional large room is set up well for hosting private events and includes a separate entrance.

The property offers parking for 6 cars in a back lot, along with on-street parking, and is described as having great visibility in a prime location. Public remarks also note proximity to over 1,500 apartments and condos nearby and downtown New London.

The listing also references a lease rate of $4,000 NN.

Key Highlights

  • 4,330 SF equipped restaurant with a large kitchen including hood, walk‑in cooler, 3‑bay sink, and food prep area
  • Bar area and dining seating for 180 guests
  • Includes a large event room with a separate entrance for private events

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store Tech Support 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

Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

1,657
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 100%
Holiday Inn New London - Mystic Area Hotels & Casinos
5,097 visits/mo 0.4 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

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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 4,330 SF restaurant with a full kitchen, bar seating, and dining capacity for 180, plus a separate entrance for events.
Where is this conventional restaurant located?
The property is located at 341-345 Bank Street New London, CT.
What are key features of this property?
This property features: 4,330 SF equipped restaurant with a large kitchen including hood, walk‑in cooler, 3‑bay sink, and food prep area; Bar area and dining seating for 180 guests; Includes a large event room with a separate entrance for private events
More about this property
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