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Turnkey Downtown Retail Storefront
For Lease
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579-581 Bank Street, New London, CT 06320

Divisible first-floor retail space with glass frontage, exposed brick, and ADA-compliant open layout.

Space Size1,250 SF - 2,500 SF
Property Size18,189 SF
Days on Market57

Property Features for 579-581 Bank Street

General Information

Standard status Active
Size 1,250 SF - 2,500 SF
Property subtype Retail, Office, Restaurant

Building Details

Building Size 18,189 SF
Tenancy Multiple

Spaces For Lease

at 579-581 Bank Street Contact us

Available Space

Size
1,250 SF
Type
Office, Restaurant, Retail
Lease Type
Modified Gross
Availability
Active
Contact us

Available Space

Size
2,500 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Tri State Commercial
Listed By: Shlomi Bagdadi · License #NY 10311204539
Source: Crexi
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 11 at 4:42PM

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 Tri State Commercial

Investment Insights

Based on property information with market context.

This turnkey, ADA-compliant first-floor retail space is divisible and designed for flexible retail configurations. The layout is open with an open column free design, supported by in-place plumbing and gas service. The storefront presentation includes glass storefront coverage, exposed brick, and 13-foot ceilings, creating an inviting, street-facing setting. With approximately 14 feet of storefront frontage, the space is set up to take advantage of strong signage opportunities.

The property is located in the Downtown neighborhood of New London on Bank Street. As a storefront unit, it offers direct street-level access with glass frontage for visibility. The combination of exposed brick and storefront glazing supports a retail tenant experience from the first steps of the entry.

For tenants seeking a ready-to-operate storefront, the space provides the core infrastructure typically needed for retail operations, including plumbing and gas service, along with an ADA-compliant layout. The open, column-free design supports a range of merchandising and customer flow strategies, while the storefront frontage and signage potential help position the space for walk-in retail activity.

Key Highlights

  • Divisible first‑floor retail space in New London’s Downtown neighborhood
  • 13 ft ceilings plus 14 ft storefront frontage with glass storefront
  • ADA‑compliant space with open, column‑free layout

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Veterinary Clinic Catering Service 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,657
Businesses Nearby
5k
Monthly Visits Nearby

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

Lease Benchmarks for New London, CT

$12.89 /SF/Yr
Avg Asking Price
$3.78–$37.89 /SF/Yr
Price Range
13,186 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - Divisible first-floor retail space with glass frontage, exposed brick, and ADA-compliant open layout.
Where is this retail space located?
The property is located at 579-581 Bank Street New London, CT.
What are key features of this property?
This property features: Divisible first‑floor retail space in New London’s Downtown neighborhood; 13 ft ceilings plus 14 ft storefront frontage with glass storefront; ADA‑compliant space with open, column‑free layout
(718) 437-6100 Call to check price and availability
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