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27-29 Bank St 21,000 SF 100% Leased Retail Building New London, CT 06320 $750,000 ($35.71/SF)
Executive Summary
Four story, 11,656 SF commercial building in the heart of downtown gutted and ready for buildout. City approvals for 9 apartments and 2 commercial spaces. 2,919 SF basement. 2021 appraisal available as well as architectural renderings. Great visibility and development opportunity in close proximity to the Amtrak station and future USCG Museum.
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
21,000 SF
Building Class
C
Year Built/Renovated
1880/2020
Price
$750,000
Price Per SF
$35.71
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Slab To Slab
10’
Building FAR
6.03
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C - COM
Frontage
34’ on Bank St
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NLON-000028-000142-000017 | Improvements Assessment | $550,800 |
| Land Assessment | $72,200 | Total Assessment | $623,000 |
Property Taxes
Parcel Number
NLON-000028-000142-000017
Land Assessment
$72,200
Improvements Assessment
$550,800
Total Assessment
$623,000
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27-29 Bank St
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