153 Bank Street New London, CT ^$ 1,725,000

153 Bank Street

^$ 1,725,000

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153 Bank Street

New London, CT, 06320

^$ 1,725,000

Bedrooms-- Baths-- Sq 17,378

Monthly Estimate*

^$ 10,621

153 Bank Street, New London, CT 06320 - Image 1

Commercial Property for sale in New London, CT

for $1,725,000. This 17,378 square foot building was built in 1927 on a lot size of 0.18.

Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Commercial Active

Price

^$ 1,725,000

Property Type

Commercial

Taxes

^$ 17,686

Style

Lot Size

0.18

Year Built

1927

Town/City

New London

MLS | Web ID

24150715

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 0.18

Directions GPS friendly.

City New London

Sq Ft Total 17378

DOM 80

Year Built 1927

Interior

Utilities Available Electric Available Gas Available Phone Available

Cooling System Split System

Total Number of Units 9

Exterior

Water Source Public Water Connected

Lot Description Level Lot

* Excluded Features

List By

Constance Howard

Listing Agent

U.S. Properties Real Estate Services, Llc

Broker

chowardusp@gmail.com

Affordability Calculator

$12,095

Per Month

Monthly Principal & Interest: $10,621
Monthly Property Taxes: $1,474
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Commerical listings in New London, CT

Average List Price ^$1,395,358

Percent of Sale Price 19%

About New London, CT

26,654 Population

4% Since 2002

^$37,286 Median Income

33.25 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/27/2026	$1,725,000	-29.59%	Price Down
2/6/2026	$2,450,000		Listed Price

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153 Bank Street, New London, CT, 06320 is a Commercial Property for sale at $1,725,000 with 17,378 sqft and a lot size of 0.18. 153 Bank Street was built in 1927. The property's zip code is 06320 which is in New London, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to a buying decision should be independently verified.

Information on this this page is provided by the Smart Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site other than by consumers looking to purchase real estate is prohibited.

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153 Bank Street

Commercial Property for sale in New London, CT

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