53 Bank St New London, CT 06320
Mixed-use property with commercial space and apartments in downtown New London.
Property Features for 53 Bank St
General Information
- Standard status
- Active
Source:
Crexi
Listing Agency: US Properties Inc Listing Agent: Connie Howard
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building in Downtown
This mixed-use property is located in downtown New London and features one commercial unit and eight apartments. The three-story building has a total area of 10,636 square feet. The ground floor includes a 2,556-square-foot commercial unit, formerly a restaurant, which is currently available and turnkey-ready with furniture, fixtures, and equipment. The second and third floors house eight apartments, totaling 5,112 square feet. The property also includes a 2,556-square-foot basement. The net operating income is approximately $107,329, with potential for increased income by leasing the commercial unit, which had previously been rented for $3,075 per month. This property offers stable cash flow. The property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Location Intelligence
Current Use by Public Records
The Diamond
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- New London
- County
- State
- Connecticut
- Longitude
- -72.094347
- Latitude
- 41.353354
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and apartments in downtown New London.
Where is this mixed-use property located?
The property is located at 53 Bank St New London, CT.
What are key features of this property?
This property features: - Mixed-use property in downtown New London with 1 commercial unit and 8 apartments.; - **Turnkey-ready commercial unit with existing F,F&E** - formerly a restaurant.; - **Stable cash flow with NOI approximately $107,329.**
