200-204 Bank St - Storefront FOR SALE


New London, CT 06320
$525,000 USD
401-952-8432
200-204 Bank St, New London, CT for Sale
$525,000 USD
Storefront - FOR SALE
1/25
null | Request Cap Rate

200-204 Bank St
New London, CT 06320


OVERVIEW

Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4,700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,701 SF

ZONING

CBD-1

APN/PARCEL ID

NLON-000028-000108-000028

ASK ABOUT THIS PROPERTY

Chris TorrezRE/MAX ONEMore Info
401-952-8432

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Chris TorrezRE/MAX ONEMore Info
401-952-8432

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