Entity Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,704 SF
- Lot area
- 0.26 ac
- Year built
- 1920
- Stories
- 1
- APN
- NLON M:G12 B:0142 L:0012-A
- Assessed value · 2023
- $178,640
- Annual tax · 2023
- $6,865
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
- Local Zoning Insight
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