8 Bank StNew London, CT 06320

Property Details for 8 Bank St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

3,324 SF

Property type

Commercial real estate

APN

NLON M:G12 B:0141 L:0005

APU

NLONMG12B0141L0005

Description

This exceptional 2,226-square-foot retail or restaurant space is ideally situated on a prime corner lot in the heart of downtown New London, CT, at the intersection of Bank Street and State Street. The property boasts a prominent street presence with 1,308 square feet facing Bank Street and 918 square feet on State Street, ensuring high visibility and foot traffic. Built in 1900, this single-story building sits on a 0.05-acre lot and is zoned CBD1, offering flexibility for a variety of commercial uses. The space is currently vacant and features ample indoor seating for approximately 65 patrons, making it perfect for a restaurant or other high-traffic business. A fully equipped kitchen is included, featuring a hood system, fryolators, pizza oven, gas stove, three-bay sink, and a walk-in cooler, among other appliances. The property is offered "as is" with an attractive incentive: six months of free rent. The lease rate thereafter is $3,000 per month, plus utilities. Its convenient location near the train station and ferry terminal provides easy access for both employees and customers. This is a rare opportunity to secure a highly visible and well-equipped commercial space in a thriving downtown area.

• Alternative Use

  Use

  Valuation

  Residential

  $629,031

  Hospitality

  $576,189

  Educational

  $479,382

  Medical

  $495,869

  Retail

  $745,706

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3539

Longitude

-72.0938

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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