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53 Bank Street New London, CT $ 1,950,000
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53 Bank Street
$ 1,950,000
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53 Bank Street

New London, CT, 06320
$ 1,950,000
Bedrooms-- Baths-- Sq 10,636

Monthly Estimate*

$ 12,006

53 Bank Street, New London, CT 06320 - Image 1
53 Bank Street, New London, CT 06320 - Image 2
53 Bank Street, New London, CT 06320 - Image 3
53 Bank Street, New London, CT 06320 - Image 4
53 Bank Street, New London, CT 06320 - Image 5

Commercial Property for sale in New London, CT

for $1,950,000. This 10,636 square foot building was built in 1897 on a lot size of 0.11.

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. Call 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.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 23,446

Style

Lot Size

0.11

Year Built

1897

Town/City

New London

MLS | Web ID

24150729
Features
General
Zoning CBD-1
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Location Downtown
Property Type Commercial For Sale
Status Active
Acres 0.11
Directions GPS friendly.
City New London
Sq Ft Total 10636
DOM 5
Year Built 1897
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Interior
Utilities Available Electric Available Phone Available
Cooling System Split System
Total Number of Units 9
Ceiling Height 11
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Constance Howard

Listing Agent

U.S. Properties Real Estate Services, Llc

Broker

chowardusp@gmail.com

Email

Affordability Calculator

$13,960
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,006
Monthly Property Taxes
$1,954
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/6/2026$1,950,000 Listed Price

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53 Bank Street, New London, CT, 06320 is a Commercial Property for sale at $1,950,000 with 10,636 sqft and a lot size of 0.11. 53 Bank Street was built in 1897. The property's zip code is 06320 which is in New London, CT

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