27 Bank St New London, CT 06320

This exceptional mixed-use property at 27 Bank Street in New London, Connecticut, presents a unique investment opportunity. The four-story, 11,656 square foot building, constructed in 1875, is situated in the heart of the downtown area, offering unparalleled visibility and accessibility. Currently gutted and ready for build-out, this property boasts city approvals for the creation of nine residential apartments and two commercial spaces, providing a diverse income stream potential. A substantial 2,919 square foot basement adds significant additional space. The 0.08-acre lot is zoned CBD1. A 2021 appraisal and architectural renderings are available for review, providing comprehensive insights into the property's potential. Its prime location offers convenient proximity to the Amtrak station and the future US Coast Guard Museum, ensuring high foot traffic and strong tenant demand. This is an exceptional chance to capitalize on the revitalization of downtown New London and create a thriving mixed-use development. The property's versatility, combined with its strategic location and existing approvals, makes it an attractive investment for both experienced developers and discerning investors seeking a high-return opportunity in a rapidly growing market. The building's history adds character, while its modern potential ensures a bright future.