Building Details

Building Size 3,000 SF

Listing Agency: TRUE Commercial Real Estate

Listed By: Tyler Lyman

Source: Commercialcafe

Added: Apr 27 Changed: Sep 4 Last Checked: Sep 1 at 9:49PM

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Investment Insights

Based on property information with market context.

Located in downtown Niantic, 43 Pennsylvania Avenue offers an opportunity for owner-users, investors, or developers. The building, originally constructed as a bank in 1972, spans approximately 3,065 square feet on a 0.79-acre parcel. It features infrastructure including 300-amp, 3-phase electrical service, a central heat and air conditioning system installed in 2022, and ADA-compliant entrances. The property includes ample on-site parking with asphalt paving. The location is considered somewhat walkable with a walk score of 68 and bikeable with a bike score of 54.

Key Highlights

• Prime downtown Niantic location in a highly visible and walkable area
• Versatile commercial asset suitable for owner‑users, investors, or developers
• Ample on‑site parking on a 0.79‑acre parcel

Property Analytics

Property Profile

Current Use

Banks

Suggested Use

Top Pick Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Law Firm Restaurant

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

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Explore this area Business Placement

Demographics for 06357, CT

11,404

Population

6,042

Households

1.9

Avg Household Size

52

Median Age

46%

College-Educated

96%

High-School Grad

10.6 sq mi

ZIP Area

1,076

Density / Sq Mi

$98,852

Median Household Income

$61,250

Median Earnings

$1,476

Median Rent

$369,600

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

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bank - Versatile commercial asset in downtown Niantic, walkable corridor.

Where is this bank located?

The property is located at 43 Pennsylvania Avenue East Lyme, CT.

What are key features of this property?

This property features: Prime downtown Niantic location in a highly visible and walkable area; Versatile commercial asset suitable for owner‑users, investors, or developers; Ample on‑site parking on a 0.79‑acre parcel