90-94 Bank St - Storefront FOR SALE


New London, CT 06320
$1,900,000 USD
203-546-8536
90-94 Bank St, New London, CT for Sale
$1,900,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

90-94 Bank St
New London, CT 06320


HIGHLIGHTS

  • Historic waterfront location
  • Attractive blend of residential, retail and flex
  • Renovated in 2019

OVERVIEW

Positioned in the heart of New London’s waterfront district, this fully renovated mixed-use asset offers a rare opportunity to acquire a stabilized, income-producing property with strong long-term upside. Overlooking the Thames River, the building blends historic New England character with modern systems following a complete gut renovation in 2019. The ±12,311 SF property features a diversified income stream consisting of 8 residential units, 2 retail storefronts, and 1 industrial/flex space—providing multiple revenue channels and reducing tenant concentration risk. Residential demand remains strong due to the walkable waterfront location, river views, and proximity to downtown amenities, dining, and entertainment. The commercial spaces benefit from excellent visibility and frontage, making them highly attractive to retail and service users. Overall, this asset offers a compelling combination of location, stability, and upside in one of southeastern Connecticut’s most desirable coastal markets.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CBD-1

APN/PARCEL ID

NLON-000028-000108-000009

ASK ABOUT THIS PROPERTY

Alban DedvukajLakeshore RealtyMore Info
203-546-8536

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Alban DedvukajLakeshore RealtyMore Info
203-546-8536

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