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20604217
20604218

224 Bank St, New London, CT 06320

JG
CT 0805707
Londregan Commercial Real Estate Group
Listed by Londregan Commercial Real Estate Group
$3,750,000
587 days on market
Updated 86 days ago
Opportunity zone

New London Office Complex

Details
Property Type Office, Retail (+1)
Sub Type Executive Office, Medical Office (+1)
Square Footage 48,843
Occupancy 71.5%
Tenancy Multi
Lease Type Modified
Class C
Buildings 4
Acreage 2.430
Zoning CBD-1 (Central Business District)
Sale Condition Sale for leaseback

Office | 48,843 SF

Marketing description

The subject property consists of 48,843 SF within four (4) connected buildings:

Building 1: situated at the corner of Bank Street and Bank Street Connector, consists of a one-story lab/warehouse building totaling 6,510 square feet. The building is fully renovated and fully occupied. The building directly connects to Buildings 2 and 3.

Building 2: fronting Bank Street, consists of a two-story office building containing 6,409 square feet. This building is currently vacant and needs to be renovated.

Building 3: situated towards the rear at the Bank Street Connector entrance, consists of a 25,252 SF, three-story office/medical office building. All three floors are fully occupied and well maintained.

Building 4: situated towards the rear at the interior of the site, consists of a 9,672 SF two-story office building. The first floor is partially occupied; the second floor has been fully renovated and is currently vacant.

All buildings with the exception of Building 2 have elevator access.

Ample parking at traffic-lit intersection.

Enterprise Zone.

Opportunity Zone.

Investment highlights

The subject multi-building commercial office building is +/- 70% occupied.

Leases and P&L Statements available with an executed NDA.

Listing Contacts

JG
CT 0805707
Londregan Commercial Real Estate Group
Listed by Londregan Commercial Real Estate Group

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