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147 Bank St
New London, CT 06320
Retail Property For Sale
Executive Summary
Fully Leased, Mixed Use Property located in the heart of downtown New London.
This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement.
The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017.
NOI approximately $76,536. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement.
The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017.
NOI approximately $76,536. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,864 SF
Building Class
C
Year Built
1900
Price
$2,050,410 CAD
Price Per SF
$298.72 CAD
Cap Rate
5.10%
NOI
$104,620 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
12’
Building FAR
1.75
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CBD-1 - Central Business District
Parking
6 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
30’ on Bank Street
Amenities
- Bus Line
- Pylon Sign
Property Taxes
| Parcel Number | NLON-000028-000140-000015 | Improvements Assessment | $535,704 CAD |
| Land Assessment | $107,852 CAD | Total Assessment | $643,555 CAD |
Property Taxes
Parcel Number
NLON-000028-000140-000015
Land Assessment
$107,852 CAD
Improvements Assessment
$535,704 CAD
Total Assessment
$643,555 CAD
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