200 Bank Street, New London, CT 06320 (MLS # 24155567)


Price $525,000
Status Active
Size 4,728 sqft
Lot Size 3,485 sqft
Days on Market 54
Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4,700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.
Property Type(s): Commercial
Last Updated 2/22/2026 Year Built 1939
County New London

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Frame
HEAT Forced Air, Natural Gas
LOT 3485 sq ft
SEWER Public Sewer
TAXES 8826
WATER Public
ZONING CBD-1

Location

 

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