207 Bank StNew London, CT 06320

Property Details for 207 Bank St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

6,635 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NLON M:G13 B:0139 L:0006

APU

NLONMG13B0139L0006

Description

This 1,800 square foot commercial space, located at 207 Bank Street in New London, Connecticut, presents a fantastic opportunity. Built in 1900, this single-tenant space is ideal for retail, office, or restaurant use. The "vanilla box" layout offers an open and bright floor plan with high ceilings, ample storage, and two restrooms. The property features both front and rear egress for convenient access. Its prime downtown location offers exceptional walkability to numerous restaurants, shops, a theater, apartments, the waterfront, bus lines, train station, and ferry. Furthermore, it enjoys convenient access to major roads and highways, and is only 10 minutes from Electric Boat. Municipal parking is just steps away, providing easy parking for clients and employees. The space boasts instant access to land, rail, and water transportation, making it a highly accessible location. The landlord will consider dividing the space to accommodate specific tenant needs. Monthly rent is $2,850.

• CAP approach

  CAP return

  Valuation

  6%

  $1,612,537

  6.5%

  $1,488,495

  7%

  $1,382,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,184,661

  Geo Method

  $2,184,661

• Alternative Use

  Use

  Valuation

  Residential

  $1,255,602

  Hospitality

  $1,150,124

  Educational

  $956,890

  Medical

  $989,799

  Retail

  $1,488,495

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3521

Longitude

-72.0966

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].