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$ 245,000
Est. payment /mo
Under Contract
130 Bank Street New London, CT 06320
4,376 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,376 sqft
Price per Sqft $55
MLS Listing ID 24118367
Year Built 1910
Annual Tax Amount $5,367
Lot Size 4,791 Sqft
Property Description
PRIME WATERFRONT DEVELOPMENT OPPORTUNITY - 130 Bank Street, New London Positioned in the heart of historic downtown New London, this landmark building offers unmatched potential for transformation. Gutted and ready for redevelopment, it's perfectly suited for a vibrant mixed-use project, retail or restaurant space on the first floor and lower level, with apartments above. Zoned CBD-1 and located within an Opportunity Zone, this property comes with valuable tax incentives for investors. The location is unbeatable - across from popular destinations like Tox Brewing Company, Waffle Company, Muddy Waters Cafe, and a variety of shops and restaurants that fuel the area's thriving energy. The property includes 9 dedicated parking spots, a side lot ideal for expansion, and waterside views that add to its appeal. Retail possibilities are endless - wine bar, coffee shop, national tenant (Starbucks, Subway, Chipotle etc), or boutique concept - while upper floors offer lucrative residential potential. This is a rare chance to restore and expand a historic treasure and create a premier destination the community will embrace. Don't miss it!
Location
State CT
County New London
Zoning CBD-1 + Opportunity Zone
Interior
Heating No Heat
Cooling None
Exterior
Parking Features Parking Lot, On Street Parking, Off Street Parking
Utilities Available None/Unknown
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Carlos Reyes • William Raveis Real Estate
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