224 Bank St New London, CT 06320

Listing Agency Londregan Commercial Real Estate Group Show Phone

Listed by James Gillanders · License #CT 0805707

Source Crexi

Added: Nov 6, 2024 Checked: Jul 19 at 5:30 am

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Investment Insights

Based on property information with market context.

The subject property comprises 48,843 square feet across four connected buildings. Building 1, a fully renovated and occupied one-story lab/warehouse at the corner of Bank Street and Bank Street Connector, totals 6,510 square feet and connects directly to Buildings 2 and 3. Building 2, a two-story office building fronting Bank Street, contains 6,409 square feet and is currently vacant, requiring renovation. Building 3, situated towards the rear at the Bank Street Connector entrance, is a 25,252 square foot three-story office/medical office building with full occupancy and maintained condition. Building 4, located towards the rear of the site's interior, is a 9,672 square foot two-story office building with partial occupancy on the first floor and a fully renovated, currently vacant second floor. All buildings except Building 2 have elevator access. The property benefits from ample parking at a traffic-lit intersection and is located within an Enterprise Zone and an Opportunity Zone.

Key Highlights

• Fully occupied and renovated lab/warehouse building (6,510 SF) and three‑story office/medical building (25,252 SF) providing immediate income.
• Located in an Enterprise Zone and Opportunity Zone, offering potential tax benefits and investment incentives.
• Ample parking at a traffic‑lit intersection, enhancing accessibility.

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FAQs

What type of property is this?

Office building - Four connected buildings totaling 48,843 SF in New London.

Where is this office building 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: Fully occupied and renovated lab/warehouse building (6,510 SF) and three‑story office/medical building (25,252 SF) providing immediate income.; Located in an Enterprise Zone and Opportunity Zone, offering potential tax benefits and investment incentives.; Ample parking at a traffic‑lit intersection, enhancing accessibility.