35 Bank St New London, CT 06320-6001
Property profile & analytics
35 Bank St New London, CT 06320-6001
- Showrooms
- 10,704 SF
- 0.26 lot acres
Property ID
US15-0886214
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.
Location Intelligence
Current Use by Public Records
- Hollywood / Hotel & Motel
Property Details for 35 Bank St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.26 lot acres
- Property size
- 10,704 SF
- Property type
- Showrooms
- APN
- NLON M:G12 B:0142 L:0012-A
- APU
- NLONMG12B0142L0012A
Description
This exceptional 11,000 square foot landmark property, located at 35 Bank Street in New London, Connecticut, presents a unique investment opportunity. Originally constructed in 1921 as a Vaudeville theater, later serving as a movie theater with a seating capacity of 2,500, this building boasts a rich history and significant architectural character. Situated in a designated Opportunity Zone, this property offers substantial potential for redevelopment and repurposing. The building includes an approximately 3,500 square foot mezzanine and an 11,000 square foot basement, providing ample space for expansion and diverse uses. The property's versatility allows for a variety of commercial applications, including hotel, restaurant, and traditional office spaces. A new roof was installed in 2010. The building's location in the heart of downtown New London offers excellent visibility and accessibility, with close proximity to Amtrak and Long Island ferry stations, and the future Coast Guard Museum. Furthermore, the property is eligible for Federal and Historic Tax credits, presenting significant financial advantages for the prospective buyer. This is a rare chance to acquire a piece of New London's history and create a truly unique destination site. The asking price for this remarkable property is $375,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New London
- County
- New London
- State
- Connecticut
- Longitude
- -72.0945
- Latitude
- 41.3537
- 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
$6,865
$117,390
$61,250
$178,640
-
$0.00
$0.00
$0.00
