You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

8 Bank St New London, CT 06320-6075

3,324 SF 0.05 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-0103971
Property summary
AI-generated overview

This exceptional 2,226-square-foot retail or restaurant space is ideally situated on a prime corner lot in the heart of downtown New London, CT, at the intersection of Bank Street and State Street. The property boasts a prominent street presence with 1,308 square feet facing Bank Street and 918 square feet on State Street, ensuring high visibility and foot traffic. Built in 1900, this single-story building sits on a 0.05-acre lot and is zoned CBD1, offering flexibility for a variety of commercial uses. The space is currently vacant and features ample indoor seating for approximately 65 patrons, making it perfect for a restaurant or other high-traffic business. A fully equipped kitchen is included, featuring a hood system, fryolators, pizza oven, gas stove, three-bay sink, and a walk-in cooler, among other appliances. The property is offered "as is" with an attractive incentive: six months of free rent. The lease rate thereafter is $3,000 per month, plus utilities. Its convenient location near the train station and ferry terminal provides easy access for both employees and customers. This is a rare opportunity to secure a highly visible and well-equipped commercial space in a thriving downtown area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,324 SF
Lot 0.05 ac (2,087 SF)
APN NLON M:G12 B:0141 L:0005
UPID US15-0103971
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
007 LLC · 1 yrs held
007 LLC
since 2024
Last sale
$470,000
7 recorded transactions
2024
$470,000
2016
Price N/A
2015
$308,000
2000
$137,900
2000
Price N/A
1994
Price N/A
1992
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8 Bank St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message