801 Bank St New London, CT 06320
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.