623-625 Bank Street New London, CT $ 540,000
623-625 Bank Street
$ 540,000
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623-625 Bank Street

New London, CT, 06320
$ 540,000
Bedrooms-- Baths3.0 Sq 4,688

Monthly Estimate*

$ 3,410

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Commercial Property for sale in New London, CT

for $540,000 with 3 full baths. This 4,688 square foot building was built in 1920 on a lot size of 0.12.

This centrally located mixed-use building is an opportunity to own a cash flowing asset in the thriving New London market. Located near major economic drivers like Electric Boat, Pfizer, Coast Guard Academy, Connecticut College, and UConn Avery Point, this asset is in the heart of Southeastern Connecticut's growing economy. 623-625 Bank Street is well-positioned in New London, offering convenient access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods. The Property benefits from strong connectivity to major regional routes, including Interstate 95, U.S. Route 1, and Route 32, providing efficient access throughout southeastern Connecticut and into Rhode Island The multi-story building contains one (1) Commercial unit and three (3) 2-Bedroom/1-Bathroom units with 4,472 square feet of gross living area in 4,688 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features one (1) off-street parking space. This is a great value-add opportunity for hands on investors looking to increase cash flow in a flourishing rental market.

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Commercial Active

Price

$ 540,000

Full Bath

3

Property Type

Commercial

Taxes

$ 6,702

Style

Lot Size

0.12

Year Built

1920

Town/City

New London

MLS | Web ID

24207830

Features
General
Zoning C-1
Neighborhood N/A
County New London
Tax Year July 2026-June 2027
Location Downtown
Property Type Commercial For Sale
Status Active
Acres 0.12
Directions Please park on Bank Street in front of the building.
City New London
Sq Ft Total 4688
DOM 0
Year Built 1920
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Interior
Utilities Available Electric Gas
Cooling System Ceiling Fans Wall Unit
Total Number of Units 4
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description N/A
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* Excluded Features
List By
Thomas Connor

Listing Agent

Horvath & Tremblay

Broker

tconnor@htapartments.com

Email

Affordability Calculator

$3,968
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,410
Monthly Property Taxes
$559
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
9/17/2026$540,000 Listed Price

Map


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623-625 Bank Street, New London, CT, 06320 is a Commercial Property for sale at $540,000 with 4,688 sqft and a lot size of 0.12. 623-625 Bank Street has 3.0 baths and was built in 1920. The property's zip code is 06320 which is in New London, CT