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$ 1,500,000
$ 1,625,000 7.7%
Est. payment /mo
Sold on 10/01/2026
53-55 Bank Street New London, CT 06320
10,636 SqFt
UPDATED:
Key Details
Sold Price $1,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,636 sqft
Price per Sqft $141
MLS Listing ID 24150729
Sold Date 10/01/26
Year Built 1897
Annual Tax Amount $23,362
Lot Size 4,791 Sqft
Property Description
Mixed-use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Location
State CT
County New London
Zoning CBD-1
Interior
Heating Heat Pump
Cooling Split System
Exterior
Utilities Available Electric Available, Phone Available
Roof Type Tar/Gravel
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Constance Howard • U.S. Properties Real Estate Services, LLC
Bought with Susan Howard Cihocki • U.S. Properties Real Estate Services, LLC
Bought with Susan Howard Cihocki • U.S. Properties Real Estate Services, LLC
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