224 Bank StNew London, CT 06320

Property Details for 224 Bank St

Lot size

2.43 AC

Property type

Other commercial real estate

APN

NLON M:G13 B:0108 L:0033

APU

NLONMG13B0108L0033

Description

This exceptional investment opportunity presents a 48,843 square foot multi-building office complex in New London, Connecticut's Central Business District (CBD-1 zoning). The property comprises four interconnected buildings totaling 48,843 square feet, offering a diverse mix of executive office, medical office, and potential telecom/data center space. Building 1, a fully renovated and occupied 6,510 square foot lab/warehouse, connects to Buildings 2 and 3. Building 2, a 6,409 square foot, two-story office building on Bank Street, is currently vacant and requires renovation. Building 3, a well-maintained, fully occupied 25,252 square foot, three-story office/medical building, is situated at the Bank Street Connector entrance. Building 4, a 9,672 square foot, two-story office building, has a partially occupied first floor and a fully renovated, vacant second floor. All buildings, except Building 2, have elevator access. The property boasts ample parking at a well-lit intersection and benefits from Enterprise Zone and Opportunity Zone designations. Currently, the complex enjoys 71.5% occupancy. Financial statements are available upon execution of a non-disclosure agreement. This sale includes a leaseback option, presenting a unique opportunity for investors seeking immediate cash flow and long-term appreciation potential in a prime New London location. The property sits on a 2.43-acre lot at 224 Bank St, New London, CT 06320. The asking price is $3,750,000. The lease type is modified, and the tenancy is multi-tenant. The property is classified as Class C.

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3509

Longitude

-72.0969

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].