For Sale Details

$429,000
$153.76 / SF
  • Property Type Mixed-Use, Multifamily, Retail
  • Sale Type Investment
  • Status Active
  • Created 04/27/21
  • Updated 08/12/21

About 18 Bank Street, New London, CT 06320

Great investment property now available on Bank Street! The ‘John M. Shea Building’ overlooking the Thames River is fully occupied with:

- 1st flr hair salon handicap accessible with a new gas fired furnace, hot air & Central AC

- 2nd flr newly renovated 2BR, 1.5 BA open floor plan, en suite water/dryer and new stainless still appliances with beautiful hardwood floors and exposed brick, and

- 3rd flr 450sf studio apt with a loft sleeping area, full BA and stainless steel appliances. Stunning views of Thames River

Both apartments are served by high efficiency hot water baseboard heating system and on-demand hot water. New roof for 2nd and 3rd floors. Total 2,790sf on 0.03 acre. On-street parking only. Public Water/Sewer/Natural gas. Zone CBD-1. Built 1920 and renovated 2016. One of owners is agent. For Sale $429,000.

DIRECTIONS:

I-95 S Exit 84S. Follow signs for Waterfront District. Continue onto Eugene O’Neill Dr. Turn left on Pearl St, then left on Bank St. On right.


Building Details

  • Tenancy: Multitenant
  • Building Area (SF): 2,790
  • Year Built: 1920 - 2016
  • Percent Finished: 100%
  • Number of Units: 3
  • Number of Stories: 3
  • Number of Buildings: 1
  • Building Class: B

Land Details

  • Acreage: 0.03
  • Gas: Yes
  • Sewage System: Public Sewer
  • Water System: Public Water

Documents for 18 Bank Street, New London, CT 06320

18-20 Bank St BROCHURE.pdf

The Mixed-Use, Multifamily, Retail property at 18 Bank Street, New London, CT 06320 is currently available for sale. Contact Carmelo Foti from Pequot Commercial for more information.