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Property profile & analytics

24 Bank St New London, CT 06320

  • Showrooms
  • 4,732 SF
  • 0.16 lot acres
For Lease
Last Sale
Mar 01, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US15-0153517
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Neighborhood Sole / (Bike/Boat/Book/etc) Store

Property Details for 24 Bank St

Year built
1800
Construction
FRAME
Lot size
0.16 lot acres
Property size
4,732 SF
Property type
Showrooms
APN
NLON M:G12 B:0141 L:0008
APU
NLONMG12B0141L0008

Description

This exceptional 1,500 square foot retail or restaurant space is situated in the heart of New London's vibrant downtown, at the near corner of Bank and State Streets. The property, part of a larger building totaling 14,096 square feet, offers a fantastic opportunity for a variety of businesses. Built in 1800, the single-story building boasts attractive features including high ceilings and hardwood floors, complemented by central air conditioning for year-round comfort. The space is immediately available, offering 1,500 contiguous square feet, the minimum divisible unit size. While the maximum contiguous space available is also 1,500 square feet, the entire building is available for lease as a multi-tenant property. Adding to its appeal is the potential use of a small patio area located in front of the building, providing additional outdoor space. The property benefits from excellent visibility due to its prime location and enjoys convenient proximity to both the train and ferry stations, ensuring easy access for customers and employees. Parking is available on the street. The property sits on 0.16 acres of land and is zoned CBD1 within New London County. This is a rare opportunity to establish a business in a highly desirable and accessible location.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
New London
County
New London
State
Connecticut
Longitude
-72.0939
Latitude
41.3536
CBSA code
35980
CBSA name
NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,294
$120,960
$224,980
$345,940
-
$0.00
$0.00
$0.00
More about this property
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