Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

946 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Multi-Use Building 369 Bank St

10,184 SF 100% Leased Retail Building New London, CT 06320 £299,031 (£29/SF) 4.80% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Investment opportunity.

Executive Summary

Multi-Use building. 2 floors; First floor has clothing store on one side, the other side is available. Second floor is available. Drive-thru door in back of building for second floor if needed. Access also from stairs in front of building. Owner financing available.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

10,184 SF

Building Class

Year Built

1900

Price

£299,031

Price Per SF

£29

Net Initial Yield

4.80%

NOI

£14,353

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

1.95

Land Acres

0.12 AC

Opportunity Zone

Yes

Zoning

Commercial - General commercial zone.

Frontage

44 ft on Bank

Amenities

Bus Route

About 369 Bank St , New London, CT 06320

Two story multi-use building in downtown New London. Priced to sell! First floor and second floor are 5,092 SF each; 10,184 SF total. Fully leased first floor. One tenant paying $1000/month. Second tenant paying $1,150/month. Second floor tenant; a gym, pays $1,350/month. Drive-thru door in back of building for second floor if needed. Access also from stairs in front of building. Owner financing available.