Mixed-Use Building with
For Sale
Contact for pricing
623 Bank Street, New London, CT 06320
The multi-story property pairs a commercial space with three apartments and includes off-street parking.
Property Size4,688 SF
Lot Size0.12 Acres
Price / SF$115.19
Days on Market10
Property Features for 623 Bank Street
General Information
Standard status
Active
Size
4,688 SF
Total Parking Spaces
1
Lot size
0.12 Acres
Property subtype
Retail, Multifamily, Mixed Use
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 26 at 5:27AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This multi-story mixed-use building contains one commercial unit and three apartments, each with two bedrooms and one bathroom. The property has 4,472 square feet of gross living area within 4,688 square feet of gross area. It sits on a 0.12-acre parcel and includes one off-street parking space.
Located on Bank Street in New London, the property has access to the city's central business district, retail corridors, and residential neighborhoods. Interstate 95, U.S. Route 1, and Route 32 connect the area with southeastern Connecticut and Rhode Island.
Located on Bank Street in New London, the property has access to the city's central business district, retail corridors, and residential neighborhoods. Interstate 95, U.S. Route 1, and Route 32 connect the area with southeastern Connecticut and Rhode Island.
Key Highlights
- One commercial unit and three 2‑bedroom/1‑bathroom apartments
- 4,472 square feet of gross living area in 4,688 square feet of gross area
- 0.12‑acre parcel with one off‑street parking space
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,791
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The multi-story property pairs a commercial space with three apartments and includes off-street parking.
Where is this mixed-use property located?
The property is located at 623 Bank Street New London, CT.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: One commercial unit and three 2‑bedroom/1‑bathroom apartments; 4,472 square feet of gross living area in 4,688 square feet of gross area; 0.12‑acre parcel with one off‑street parking space
