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$ 540,000
Est. payment | /mo
3 Baths
4,688 SqFt
$ 540,000
Est. payment | /mo
3 Baths
4,688 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,688 sqft
Price per Sqft $115
MLS Listing ID 24207830
Full Baths 3
Year Built 1920
Annual Tax Amount $6,702
Lot Size 5,227 Sqft
Property Description
This centrally located mixed-use building is an opportunity to own a cash flowing asset in the thriving New London market. Located near major economic drivers like Electric Boat, Pfizer, Coast Guard Academy, Connecticut College, and UConn Avery Point, this asset is in the heart of Southeastern Connecticut's growing economy. 623-625 Bank Street is well-positioned in New London, offering convenient access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods. The Property benefits from strong connectivity to major regional routes, including Interstate 95, U.S. Route 1, and Route 32, providing efficient access throughout southeastern Connecticut and into Rhode Island The multi-story building contains one (1) Commercial unit and three (3) 2-Bedroom/1-Bathroom units with 4,472 square feet of gross living area in 4,688 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features one (1) off-street parking space. This is a great value-add opportunity for hands on investors looking to increase cash flow in a flourishing rental market.
Location
State CT
County New London
Zoning C-1
Interior
Heating Baseboard
Cooling Ceiling Fans, Wall Unit
Exterior
Utilities Available Electric, Gas
Roof Type Asphalt Shingle
Building
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Thomas Connor • Horvath & Tremblay