53-55 Bank Street, New London, CT 06320 (MLS # 24150729)

Price $1,950,000
Status Active
Size 10,636 sqft
Lot Size 4,792 sqft
Days on Market 70
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.
Property Type(s): Commercial
Last Updated 2/6/2026 Year Built 1897
County New London

Additional Details

HEAT Heat Pump, Natural Gas
LOT 4792 sq ft
LOT DESCRIPTION Level
SEWER Public Sewer
STORIES 3
TAXES 23446
WATER Public
ZONING CBD-1

Location

 

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