147 Bank St - Storefront Retail/Office FOR SALE


New London, CT 06320
$1,500,000 USD
615-293-3878
147 Bank St, New London, CT for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 5.1% Cap Rate

147 Bank St
New London, CT 06320


OVERVIEW

Fully Leased, Mixed Use Property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CBD-1

APN/PARCEL ID

NLON-000028-000140-000015

ASK ABOUT THIS PROPERTY

Connie HowardUS PropertiesMore Info
615-293-3878

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Connie HowardUS PropertiesMore Info
615-293-3878

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.