Listed by US Properties Inc
$1,625,000
53-57 Bank Street, New London, CT
Details
Property Type Mixed Use, Multifamily
Sub Type Storefront
Square Footage 10,636
Price per SqFt $153
Ground Lease No
Mixed Use | 10,636 SqFt
Marketing 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. Call 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.
Investment highlights
- Located in the heart of downtown New London.
- Excellent investment property with stable cash flow.
Listing Contacts
Listed by US Properties Inc
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