NOMADEReal Estate

$1,999,000

Active

90-94 Bank Street

New London, Connecticut, 06320 · New London County

0

Beds

4

Baths

12,311

Sq Ft

1900

Built

MLS # 24166663

Price / Sq Ft

$162

Property Type

Commercial For Sale

Lot Size

0.13

Class

Property

About This Property

Positioned in the heart of New London's thriving waterfront district, this fully renovated mixed-use asset offers investors a rare opportunity to acquire a stabilized, income-producing property with long-term upside. Overlooking the Thames River, the property combines historic New England charm with modern functionality in one of southeastern Connecticut's most desirable coastal markets. The three-story granite and brick building encompasses approximately 12,311 square feet and was completely gut-renovated in 2019. The renovation modernized all major systems while carefully preserving the building's original architectural character. As a result, the property delivers both aesthetic appeal and operational efficiency, appealing to today's residential and commercial tenants. The asset features a well-balanced and diversified income stream, consisting of eight residential apartments, two retail storefronts, and one industrial/flex unit. This mix of uses provides multiple revenue channels and helps mitigate risk by reducing reliance on any single tenant category. The residential units benefit from strong demand driven by the property's walkable location, waterfront setting, and scenic river views. Tenants are drawn to the combination of lifestyle and convenience, with immediate access to downtown amenities, dining, and entertainment. The commercial spaces offer excellent visibility and frontage, making them highly attractive for retail, service-based businesses, or flex .

Property Details

90-94 Bank Street, New London Connecticut 06320 — Commercial For Sale listed at $1,999,000.

At a Glance

0

Bedrooms

4

Bathrooms

12,311

Sq Ft

0.13

Lot Size

--

Garage

1900

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodNew London
Address90-94 Bank Street
MLS Number24166663
Year Built1900
Square Footage12,311
Lot Size0.13
Bedrooms0
Bathrooms4
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value1078400
Mil Rate Total28.19
Property Tax30400
Tax YearJuly 2025-June 2026

Other Details

Business Included YNNYes
Documents AvailableOther
Gross Annual Expense68422
Gross Annual Income207300
Net Operating Income138878
Parcel Number1999753
ZoningCBD-1

Property Features

Cooling SystemCentral Air
Heat TypeZoned
Roof InformationTar/Gravel

All Photos (40)

Affordability Calculator

$1,999,000

Down Payment$399,800
Loan Amount$1,599,200
Principal & Interest$10,108/mo
Property Tax$1,999/mo
Insurance$100/mo
Est. Monthly$12,207/mo

Listing Agent

I

Ilir Dedvukaj

Lakeshore Realty

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Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24166663
Last Updated2026-05-08