Link Copied
Listed price in listed location currency (USD).
$1,950,000

500

MLS® 24157233

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7668 sqft
Garage No
Taxes $23,446
Days Active 0
Lot Size 0.11 acres
Approx. Age 1897
Avg. Price Per Sqft $254
MLS® Number 24157233

Property Address: 53 Bank St, New London, CT, 06320-6001

Average square foot calculated using Size range provided by listing agent.

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. Contact 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.
MLS® Number24157233
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageNo
Approx. Age1897
BasementFull, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 3, 2026List Date
$1,950,000List Price
-End Date
Not Sold YetSold Price

For Rent

Feb 6, 2026List Date
$1,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
53 Bank St, New London, CT

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties