Property profile

193 Bank St New London, CT 06320

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 800-square-foot commercial space is ideally situated at 193 Bank Street in the heart of New London, Connecticut, zip code 06320. The property is categorized as retail, office, and special purpose, offering versatile options for a variety of businesses. Currently configured as a single-tenant space, it boasts a prime street-front location, providing excellent visibility and accessibility. The monthly rent is $1,000, modified gross. This location offers unparalleled convenience, with easy walking access to a vibrant array of restaurants, shops, a theater, numerous apartments, the waterfront, public transportation (bus lines, train, and ferry), and major roads and highways. For those working with Electric Boat, the property enjoys the added benefit of being just a 10-minute commute away. The space is suitable for traditional office use, creative office setups, or retail operations, making it a highly desirable property in a thriving downtown area. The property's versatility and central location make it an excellent opportunity for businesses seeking a prominent presence in New London. This is a single-tenant space, perfect for a small business looking for a high-visibility location.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

193 Bank St New London, CT 06320
New London metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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