341-345 BANK ST New London CT 06320

Fully tenant occupied with strong tenant demand

Attractive Cap Rate relative to Local Market

Proximity to major employers

Mixed-use commercial and residential building available in downtown New London.​ 12 Masonic Street comprises first-floor retail/office space along with upper-level office suites and four beautiful, recently converted apartments.​ Many mechanical and cosmetic upgrades have been recently completed.​ The property is centrally located near City Hall and across the street from The Eastern CT Chamber of Commerce.​ Within eyeshot is the Amtrak/CTrail Shore Line East train station, as well as the Block Island, Fishers Island, and Cross Sound ferries.​ Just two blocks in the opposite direction sits the New London landmark, the Garde Arts Center, along with the historic New London Public Library.​

The upper floors feature incredible views of the Thames River and surrounding areas.​ Connecticut College and the U.​S.​ Coast Guard Academy are both approximately a five-minute drive away, while UConn’s Avery Point campus is about 12 minutes away.​

12 Masonic Street is an incredible investment opportunity in the heart of a rapidly growing city, with easy access to New York, Long Island, Hartford, Providence, and major Eastern Connecticut employers and institutions.​

• ​Several recently converted, upscale residential apartments with plans for additional units
• ​Near City Hall and across from post office/chamber of commerce
• ​Steps from Amtrak, NY/RI Ferries, library, post office, and area dining/entertainment
• ​Minutes from Connecticut College, U.S. Coast Guard Academy, and UConn Avery Point
• ​Minutes from General Dynamics/Electric Boat
• ​Great upper-level views of Thames River and downtown area
• ​Nearby natural resources/recreation
• ​Passenger elevator
• ​Beautiful atrium area

For Sale a Busy Retail Strip on Highly Visible Colman Street. Two Buildings, One Fully Leased and Vacant Building is Sub-divided Into Two Offices. 10,100 Average Daily Traffic Counts. Many Updates. Close to I-95. Many Possibilities With Broad Zoning. Possible Multi-family Site (Potential 13 Units). $650,000. See Brochure for Details.

Area experiencing a lot of development with new apartments, Yale Medical Center, senior care, Fort Trumbull Development and nearby engineering office of General Dynamics who is expanding and hiring 14,000+ new employees.

Great opportunity to create high-end waterfront apartments/condos

Or utilize the site for a maritime development.

Located in Opportunity Zone and Enterprise Zone

Offered For Sale or Lease:

Units C1 + C2 Combined: $395,000

Leasing: $12/SF/YR +NNN

Located in the Central Business District of New London, these two commercial condominium properties offer an opportunity for business owners and investors alike. Situated on a busy corner of downtown New London within the Opportunity Zone, these Commercial Condos are located in Harbour Towers, a 52 unit residential condo complex with a traffic count of 21,000+. Unit C1 offers 1,830 SF and C2 offers 1,878 SF for a combined 3,700+ square feet of commercial space. Public parking lot for 8 cars, on-street parking, and a total of 10 designated parking spaces in the attached, covered parking garage. C1 and C2 combined Monthly Association Fees are currently $196.49; these common fees typically go up only once per year, if then, when the next year’s budget is fixed at the Annual Meeting, scheduled towards the end of the calendar year. With many new construction residential units recently finished directly across the street, this property is a great opportunity to capture increased consumer traffic.

Contact Tyler Gracey (860.510.3020) or Kim Casey (860.941.4842) of Seaport Commercial for more information.

Prime investment opportunity! For Sale, The Barrows Building is a 10,800 sf three story brick trimmed building, with commercial and residential opportunities. Located within easy distance of courthouse, Garde Arts Center, public library, ferry and train stations. Ready for development. Parking on street, and off-street at rear of building.

- Basement 4,000+sf and useable

- First floor 4,000 sf

- Second floor 1,400 sf

- Third floor 1,400 sf

Public Water/Sewer and Natural Gas. Taxes $4,249. For Sale $289,000. Agent/owner.

DIRECTIONS:

I-95 S Exit 84S. Follow signs to Downtown New London. Turns into Eugene O’Neill Dr. Turn right on Gov Winthrop Blvd then left on Meridan St., left on State St. On left.

I-95 N Exit 83. Go straight on Huntington St. At end, turn left on State St. On left.

DIRECTIONS:

I-95 S Exit 84S. Follow signs for Waterfront District. Continue onto Eugene O’Neill Dr. Turn left on Pearl St, then left on Bank St. On right.

• Fully occupied 3 story building in downtown New London
• Retail/Salon on 1st floor
• 2BR, 1.5BA on 2nd flr
• Studio apt on 3rd flr
• On-street parking only Around corner to Train, Bus and Ferries