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OFF-MARKET
Specialty properties

801 Bank St New London, CT 06320

Property ID
Property summary
AI-generated overview

This exceptional 0.3-acre commercial land parcel presents a unique investment opportunity in New London, Connecticut. Situated at the highly visible intersection of Bank Street and Jefferson Street, this property boasts over 20,000 average daily traffic counts, ensuring maximum exposure for any development. The site is zoned commercial and features two convenient curb cuts, providing excellent accessibility. The current owner is open to various development scenarios, including a build-to-suit arrangement, a land lease, or an outright sale. Its strategic location directly across from a CVS prototype store and Chelsea Groton Bank underscores its high-demand potential. Conceptual plans already exist for a roughly 1,000 square foot building with a drive-thru, making it ideal for a quick-service restaurant (QSR), such as a coffee shop, or a bank branch. This property offers unparalleled visibility and accessibility in a thriving commercial area, making it an exceptional investment for discerning buyers seeking a high-return opportunity in a prime New London location. The property is located at 801 Bank Street, New London, CT 06320, in New London County. This single-tenant property is ready for your vision.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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