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About This Home
This 0-bedroom, 2-bathroom commercial at 200 Bank Street in New London, CT is listed for $475,000 ($100 per sqft). Built in 1939, the home offers 4,728 sqft of living space on a 0.08 acres lot.
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.
Key Features
- Built in 1939
- 0.08 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,540/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
200 Bank Street
New London, CT 06320
Property Details
Cooling
Questions & Answers
This 0-bedroom, 2-bathroom commercial at 200 Bank Street is listed at $475,000 ($100/sqft). The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.
Key features include: Built in 1939, 0.08 acre lot.
This property is listed by Christopher Torrez and can be reached at 4019528432 or ctorrezre@gmail.com.


