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52-54 Bank St
New London, CT 06320
Retail Property For Sale
Executive Summary
Longstanding bar/restaurant with one of the largest waterfront decks in CT. 3,632 SF. Inside restaurant seating for 130. 1,321 SF outdoor deck with seating for 50.
Business only for sale for $300,000; both property and business for sale for $1,200,000. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London’s Enterprise Zone and Federal Opportunity Zone.
Business only for sale for $300,000; both property and business for sale for $1,200,000. Buildings were completely renovated in 2022. All new appliances, utilities and roof. 2 Handicap accessible bathrooms. Additional 2 bathrooms including 1 shower. Natural gas and propane heat. Split Unit A/C. In close proximity to train station and ferries. Beautiful water views. Located in City of New London’s Enterprise Zone and Federal Opportunity Zone.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,632 SF
Building Class
C
Year Built
1945
Price
$1,200,000
Price Per SF
$330.40
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD1 - Located in City of New London's Enterprise Zone and Federal Opportunity Zone
Frontage
40’ on Bank St
Property Taxes
| Parcel Number | NLON-000028-000108-000004-000002 | Improvements Assessment | $295,900 |
| Land Assessment | $130,900 | Total Assessment | $426,800 |
Property Taxes
Parcel Number
NLON-000028-000108-000004-000002
Land Assessment
$130,900
Improvements Assessment
$295,900
Total Assessment
$426,800
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