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224 Bank St New London, CT 06320

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For Sale
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48,843 SF Multi-Building Office Complex

Property size:
48,843 SF

Property Features for 224 Bank St

General Information

Property type
Data centers and call centers
Square Feet
48,843 SF
Class
C
Lot Size
105,851 SF

Building Details

Buildings
4

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Listing Contact
James Gillanders
James Gillanders

Listing Agency: Londregan Commercial Real Estate Group Listing Agent: James Gillanders

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 48,843 square foot multi-building office complex in New London, Connecticut's Central Business District (CBD-1 zoning). The property comprises four interconnected buildings totaling 48,843 square feet, offering a diverse mix of executive office, medical office, and potential telecom/data center space. Building 1, a fully renovated and occupied 6,510 square foot lab/warehouse, connects to Buildings 2 and 3. Building 2, a 6,409 square foot, two-story office building on Bank Street, is currently vacant and requires renovation. Building 3, a well-maintained, fully occupied 25,252 square foot, three-story office/medical building, is situated at the Bank Street Connector entrance. Building 4, a 9,672 square foot, two-story office building, has a partially occupied first floor and a fully renovated, vacant second floor. All buildings, except Building 2, have elevator access. The property boasts ample parking at a well-lit intersection and benefits from Enterprise Zone and Opportunity Zone designations. Currently, the complex enjoys 71.5% occupancy. Financial statements are available upon execution of a non-disclosure agreement. This sale includes a leaseback option, presenting a unique opportunity for investors seeking immediate cash flow and long-term appreciation potential in a prime New London location. The property sits on a 2.43-acre lot at 224 Bank St, New London, CT 06320. The asking price is $3,750,000. The lease type is modified, and the tenancy is multi-tenant. The property is classified as Class C.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New London
County
New London
State
Connecticut
Longitude
-72.097242374858
Latitude
41.350717863966

FAQs

What type of property is this?
Data center and call center - 48,843 SF Multi-Building Office Complex
Where is this data center and call center located?
The property is located at 224 Bank St New London, CT.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 70% occupancy in a multi-building commercial office complex.; Financial statements and leases available upon signing a non-disclosure agreement (NDA).;
(860) 444-8811 Call to check price and availability
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