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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

369 Bank St New London, CT 06320

10,184 SF Built 1900
Property ID
Property summary
AI-generated overview

This exceptional two-story, 10,184 square foot multi-tenant retail building is located at 369 Bank Street in the heart of New London, Connecticut (zip code 06320). Built in 1900, the property boasts two 5,092 square foot floors, each currently occupied. The first floor is fully leased, with one tenant contributing $1,000 per month in rent. The second floor houses a gym, generating $1,350 monthly in rent, and a second tenant paying $1,150 monthly. This provides a strong, consistent income stream for the investor. The second floor also features a convenient drive-thru door in the rear of the building, offering additional access beyond the front stairs. This versatile property presents a significant opportunity for investors seeking a stable, income-producing asset in a vibrant downtown location. Owner financing is available, making this an even more attractive proposition. The property is categorized as a storefront, clothing store, and gym, reflecting its diverse tenant base and adaptability. This is a rare opportunity to acquire a well-situated, income-generating property in a desirable Connecticut location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 10,184 SF
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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