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90-94 Bank St
New London, CT 06320
Retail Property For Sale

Investment Highlights

  • Historic waterfront location
  • Renovated in 2019
  • Attractive blend of residential, retail and flex

Executive Summary

Positioned in the heart of New London’s waterfront district, this fully renovated mixed-use asset offers a rare opportunity to acquire a stabilized, income-producing property with strong long-term upside. Overlooking the Thames River, the building blends historic New England character with modern systems following a complete gut renovation in 2019.
The ±12,311 SF property features a diversified income stream consisting of 8 residential units, 2 retail storefronts, and 1 industrial/flex space—providing multiple revenue channels and reducing tenant concentration risk. Residential demand remains strong due to the walkable waterfront location, river views, and proximity to downtown amenities, dining, and entertainment.
The commercial spaces benefit from excellent visibility and frontage, making them highly attractive to retail and service users. Overall, this asset offers a compelling combination of location, stability, and upside in one of southeastern Connecticut’s most desirable coastal markets.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,800 SF
Building Class
C
Year Built/Renovated
1900/2019
Price
$1,900,000
Price Per SF
$193.88
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.73
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
CBD-1
Parking
2 Spaces (0.66 Spaces per 1,000 SF Leased)
Frontage
25’ on Bank St

Property Taxes

Property Taxes

Parcel Number
NLON-000028-000108-000009
Land Assessment
$130,800
Improvements Assessment
$947,600
Total Assessment
$1,078,400
  • Listing ID: 40835004

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 90-94 Bank St, New London, CT 06320

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