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52-54 Bank St 3,632 SF Retail Building New London, CT 06320 $1,395,920 CAD ($384.34 CAD/SF)
EXECUTIVE SUMMARY
Longstanding bar/restaurant with one of the largest waterfront decks in CT. 3,632 SF. Inside restaurant seating for 130. 1,321 SF outdoor deck with seating for 50.
Business only for sale for $300,000; both property and business for sale for $1,200,000. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London’s Enterprise Zone and Federal Opportunity Zone.
Business only for sale for $300,000; both property and business for sale for $1,200,000. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London’s Enterprise Zone and Federal Opportunity Zone.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,632 SF
Building Class
C
Year Built
1945
Price
$1,395,920 CAD
Price Per SF
$384.34 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD1 - Located in City of New London's Enterprise Zone and Federal Opportunity Zone
Frontage
40’ on Bank St
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | NLON-000028-000108-000004-000002 | Improvements Assessment | $416,956 CAD |
| Land Assessment | $184,452 CAD | Total Assessment | $601,408 CAD |
PROPERTY TAXES
Parcel Number
NLON-000028-000108-000004-000002
Land Assessment
$184,452 CAD
Improvements Assessment
$416,956 CAD
Total Assessment
$601,408 CAD
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52-54 Bank St
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