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.
Listing Details
| Price: | 1,950,000 |
|---|---|
| Address: | 53 Bank Street |
| City: | New London |
| State: | Connecticut |
| Zip Code: | 06320 |
| MLS: | 24150729 |
| Year Built: | 1897 |
| Acres: | 0.11 |
| Lot Square Feet: | 0.11 acres |
Photos
Courtesy of Constance Howard - from U.S. Properties Real Estate Services, LLC - (860) 691-2011. IDX information is provided by the SmartMLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are all © 2026 SmartMLS All Rights Reserved. The information provided is for consumers personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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