147 Bank Street, New London, CT 06320
New London County
Key Facts
Description
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 5,508 SF on the 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. Aerial Footage: https://tinyurl.com/147-153bankstreet
Property Information
Property Type
Commercial Sale
Year Built
1900
Stories
4
Living Area
11,894 sq ft
Lot Size
0.09 acres
Zoning
CBD-1
Days on Market
145
MLS® Listing#
24150720
Property Features
Heating
Lot Features
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$13,272
Parcel Number
1999800
Directions
GPS friendly.
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New London, CT
- $518,018
- Median Listing Price
- 40
- Median Days on Market
- 1,848
- Median Sq Ft
- $274
- Median Price / Sq Ft
- 427
- Active Listings
- This home’s price is 161% above the area median.
- Its price per sq ft is 59% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New London, CT.
Location
Points of Interest in New London, CT
Showing the New London area map.
Nearby Schools
Spark Makerspace
School · 0.1 mi away
St Mary Star Elementary School
Elementary · 0.2 mi away
Interdistrict School for Arts and Communication
Secondary · 0.3 mi away
Porter and Chester - New London
Secondary · 0.3 mi away
Regional Multicultural Magnet School
Elementary · 0.5 mi away
Jennings School
School · 0.6 mi away
The Light House (Lighthouse Voc-Ed Center Inc.)
School · 0.6 mi away
New London Public Schools
Secondary · 0.7 mi away
Benny Dover Jackson Middle School
Secondary · 0.7 mi away
New London Day Nursery
School · 0.7 mi away
St. Joseph School
School · 0.8 mi away
Electric Boat Building 130
School · 1.0 mi away
Winthrop Stem Elementary Magnet School
Elementary · 1.1 mi away
Sacred Heart School
School · 1.2 mi away
Harbor Elementary School
Elementary · 1.2 mi away
Science & Technology Magnet High School of Southeastern Connecticut
Secondary · 1.4 mi away
New London High School
Secondary · 1.4 mi away
Big Red Schoolhouse
School · 1.5 mi away
Clark Lane Middle School
Secondary · 1.5 mi away
Marine Science Magnet High School
Secondary · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 Front Of The Mountain Road, New Milford, CT | $945,000 | 2 | 2 | 1,632 |
| 329 Kent Road, New Milford, CT | $950,000 | 8 | 6 | 12,552 |
| 117 Nicoll Street, New Haven, CT | $950,000 | 6 | 4 | 3,400 |
| 20 Warwick Street, New Haven, CT | $950,000 | 8 | 6 | 850 |
| 158 Spring Water Lane, New Canaan, CT | $950,000 | — | — | — |
| 158 Spring Water Lane, New Canaan, CT | $950,000 | 2 | 1 | 1,278 |
Moving Cost Estimate
EXIT Agents in New London
Listing Courtesy: U.S. Properties Real Estate Services, LLC - (615) 293-3878
Presented by: Constance Howard