52-54 Bank St - Storefront FOR SALE


New London, CT 06320
$1,200,000 USD
615-293-3878
52-54 Bank St, New London, CT for Sale
$1,200,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

52-54 Bank St
New London, CT 06320


OVERVIEW

Longstanding bar/restaurant with one of the largest waterfront decks in CT. 3,632 SF. Inside restaurant seating for 130. 1,321 SF outdoor deck with seating for 50. 2 Buildings – Could be leased separately. Owner will do a lease back for $3,500/month for 5 years. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London’s Enterprise Zone and Federal Opportunity Zone.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CBD1

APN/PARCEL ID

NLON-000028-000108-000004-000002

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.