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35-41 Bank St 11,000 SF Retail Building New London, CT 06320 $375,000 ($34.09/SF)
INVESTMENT HIGHLIGHTS
- Refurbish or repurpose.
EXECUTIVE SUMMARY
Landmark, historic theater in the heart of downtown New London located in the Opportunity Zone, ready to be refurbished or re-purposed with potential for adding floors and multiple revenue streams. Building has an 11,000 SF footprint, approximately 3,500 SF mezzanine and 11,000 SF basement. Built in 1921 as a Vaudeville theater, later used as a movie theater, seated 2,500. new roof in 2010. Federal and Historic Tax credits applicable. Wonderful opportunity to create a destination site! In close proximity to Amtrak and Long Island ferry stations and the future Coast Guard Museum.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,000 SF
Building Class
C
Year Built
1900
Price
$375,000
Price Per SF
$34.09
Tenancy
Single
Building Height
3 Stories
Slab To Slab
14’
Building FAR
0.97
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CBD1 - Central Business District
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | NLON M:G12 B:0142 L:0012-A | Improvements Assessment | $165,600 (2025) |
| Land Assessment | $135,200 (2025) | Total Assessment | $300,800 (2025) |
PROPERTY TAXES
Parcel Number
NLON M:G12 B:0142 L:0012-A
Land Assessment
$135,200 (2025)
Improvements Assessment
$165,600 (2025)
Total Assessment
$300,800 (2025)
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35-41 Bank St
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