Mixed-Use Property with Renovated
For Sale
Contact for pricing
555 Bank St, New London, CT 06320
The offering combines leased administrative office space with a renovated building containing residential apartments and commercial units.
Property SizeContact for details
Days on Market145
Property Features for 555 Bank St
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Londregan Commercial Real Estate Group
Listed By:
William Bill Kane · License #CT RES.0770182
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 11:20AM
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 Londregan Commercial Real Estate Group
Investment Insights
Based on property information with market context.
The Bank Street offering includes 555 Bank St, currently leased to the State of Connecticut for administrative office use under a long-term lease, and the abutting 573 Bank St property. The two properties are preferred to be sold together.
573 Bank St is a 20-unit mixed-use building with 16 residential apartments and 4 commercial units. Renovations completed less than ten years ago addressed the mechanical systems, plumbing, electrical, roof, windows, common basement, and apartment interiors. Every residential unit is occupied, with rents current. Electricity and gas are separately metered to all units, while the building is plumbed for individual water meters that still need to be installed. A bilingual property manager is also in place.
573 Bank St is a 20-unit mixed-use building with 16 residential apartments and 4 commercial units. Renovations completed less than ten years ago addressed the mechanical systems, plumbing, electrical, roof, windows, common basement, and apartment interiors. Every residential unit is occupied, with rents current. Electricity and gas are separately metered to all units, while the building is plumbed for individual water meters that still need to be installed. A bilingual property manager is also in place.
Key Highlights
- 20‑unit mixed‑use building at 573 Bank St
- 16 residential apartments and 4 commercial units
- Renovations completed less than ten years ago
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,747
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
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines leased administrative office space with a renovated building containing residential apartments and commercial units.
Where is this mixed-use property located?
The property is located at 555 Bank St New London, CT.
What are key features of this property?
This property features: 20‑unit mixed‑use building at 573 Bank St; 16 residential apartments and 4 commercial units; Renovations completed less than ten years ago
