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New London
New London
06320
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CT
New London
New London
06320

53-55 Bank Street

New London, CT, 06320
ACTIVE
$1,625,000Price
5Beds
7668Sq Ft
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53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320
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53-55 Bank Street

New London, CT, 06320
ACTIVE
$1,625,000Price
5Beds
7668Sq Ft
Unsave
Save
53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320
53-55 Bank Street, New London, CT, 06320

Information

Price: $1,625,000
Days On Market: 62
Year Build: 1897
Living Area: 7,668 Square Feet
Bedrooms: 5
MLS ID: 24157233
Status: Active
Purchase Type: Sale
Above Ground Sqft: 7668

Nearby Schools

Per Board Of EdElementary School
Per Board Of EdHigh School

Details

Address: 53-55 Bank Street
County: New London
City: New London
Zip: 06320
State: Connecticut
Property Type: Multi-Family For Sale
Lot Description: Level Lot

Description

Mixed use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Location

Listed By

Listing Agent

Constance Howard

chowardusp@gmail.com
(615) 293-3878
U.S. Properties Real Estate Services, LLC

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Print Details
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright SmartMLS, Inc. Updated: 8th May, 2026 5:53 PM (UTC)
Listing Office: U.S. Properties Real Estate Services, LLC

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright SmartMLS, Inc. Updated: 8th May, 2026 5:53 PM (UTC)