Mixed-Use Waterfront
For Sale
$1,888,000
90-94 Bank St, New London, CT 06320
Three-story mixed-use property offers apartments plus retail storefronts and an industrial/flex unit in a waterfront district.
Property Size12,311 SF
Price / SF$153.36
Days on Market54
Property Features for 90-94 Bank St
General Information
Standard status
Active
Size
12,311 SF
Property subtype
Commercial
Zoning
CBD-1
Additional Details
Business Included
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$30,292
Building Details
Year Built
1900
Year Renovated
2019
Stories
3
Listing Agency:
Lakeshore Realty
(203) 758-0264
Listed By:
Ilir Dedvukaj · License #CT0804816
Source:
Davejonesrealty
Added: Jun 15
Changed: Aug 7
Last Checked: Aug 7 at 2:35AM
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 Lakeshore Realty
Investment Insights
Based on property information with market context.
The property is a three-story granite and brick mixed-use building that was completely gut-renovated in 2019. It contains eight residential apartments, two retail storefronts, and one industrial/flex unit. The renovation modernized major building systems while preserving the original architectural character.
Set in New London’s waterfront district, the building overlooks the Thames River. It also offers commercial frontage intended to support retail, service-based businesses, or flex use, with visibility associated with the street-facing storefronts.
This configuration can work well for investors or owner-operators seeking a diversified income profile across multiple use types. The combination of apartment living with ground-floor commercial space may appeal to tenants looking for convenience and to businesses that benefit from storefront access. The 2019 renovation helps support operational efficiency across residential and commercial areas, while the mixed layout provides more than one tenant category within the same asset.
Set in New London’s waterfront district, the building overlooks the Thames River. It also offers commercial frontage intended to support retail, service-based businesses, or flex use, with visibility associated with the street-facing storefronts.
This configuration can work well for investors or owner-operators seeking a diversified income profile across multiple use types. The combination of apartment living with ground-floor commercial space may appeal to tenants looking for convenience and to businesses that benefit from storefront access. The 2019 renovation helps support operational efficiency across residential and commercial areas, while the mixed layout provides more than one tenant category within the same asset.
Key Highlights
- Fully renovated mixed‑use building with 2019 gut renovation and updated major systems
- Three‑story granite and brick structure with approx. 12,311 SF
- Income mix includes 8 residential apartments, 2 retail storefronts, and 1 industrial/flex unit
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,657
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story mixed-use property offers apartments plus retail storefronts and an industrial/flex unit in a waterfront district.
Where is this apartment building located?
The property is located at 90-94 Bank St New London, CT.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Fully renovated mixed‑use building with 2019 gut renovation and updated major systems; Three‑story granite and brick structure with approx. 12,311 SF; Income mix includes 8 residential apartments, 2 retail storefronts, and 1 industrial/flex unit
