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The Bulkeley House 109-111 Bank St 7,023 SF 100% Leased Retail Building New London, CT 06320 $1,400,000 ($199.35/SF)



Investment Highlights
- Historic 1790 waterfront property in downtown New London
- ±4,510 SF patio, pavilion, and outdoor bar area
- Potential state & federal historic tax credit opportunity
Executive Summary
109–111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London’s Bank Street district. Built in 1790, the Bulkeley House is one of the city’s oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area’s most active entertainment and cultural destinations.
The property contains approximately 7,023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4,500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property.
Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits.
The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat’s continued workforce expansion and significant ongoing investment throughout downtown New London.
Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors
The property contains approximately 7,023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4,500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property.
Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits.
The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat’s continued workforce expansion and significant ongoing investment throughout downtown New London.
Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
7,023 SF
Building Class
C
Year Built
1790
Price
$1,400,000
Price Per SF
$199.35
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
CBD-1 - Central Business District
Frontage
70’ on Bank St
Amenities
- Courtyard
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NLON-000028-000140-000012 | Improvements Assessment | $511,200 |
| Land Assessment | $134,400 | Total Assessment | $645,600 |
Property Taxes
Parcel Number
NLON-000028-000140-000012
Land Assessment
$134,400
Improvements Assessment
$511,200
Total Assessment
$645,600
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Presented by
Parker Benjamin Real Estate Services
The Bulkeley House | 109-111 Bank St
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