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53-55 Bank Street New London, CT 06320
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,668 sqft
Price per Sqft $195
MLS Listing ID 24157233
Sold Date 10/01/26
Style Units on different Floors
Bedrooms 5
Year Built 1897
Annual Tax Amount $23,362
Lot Size 4,791 Sqft
Property Sub-Type 5 Family+
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. Contact 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
Rooms
Basement Full, Unfinished
Interior
Heating Heat Pump
Cooling Split System
Exterior
Waterfront Description Ocean Frontage
Roof Type Other
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer In Street
Water Public Water In Street
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Susan Howard Cihocki • U.S. Properties Real Estate Services, LLC
Nearby Locations
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