Beach Homes Realty

53 bank street

New London, CT 06320

$1,950,000

10,636 SQFT0.1 AC LOT

Commercial

Square Feet 10636

Acreage 0.11

Status Active

MLS # 24150729

County New London

More Info

Category Commercial

Status Active

Square Feet 10636

Acreage 0.11

MLS # 24150729

County New London

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 not available

Exterior Features

Roof Tar/Gravel
Garage No
Water Public Water Connected
Sewer Public Sewer Connected
Lot Description Level Lot

Interior Features

Heating Heat Pump
Cooling Split System
Living Area 10,636 SQFT
Year Built 1897

Financial Information

Parcel ID 1999829
Zoning CBD-1

Additional Services

Internet Service Providers

Listing Information

Listing Provided Courtesy of U.S. Properties Real Estate Services, LLC - (860) 691-2011

Listing Agent Constance Howard - (615) 293-3878

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Listing data is current as of 03/03/2026.

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