130 Bank Street New London, CT $ 245,000
130 Bank Street
$ 245,000
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130 Bank Street

New London, CT, 06320
$ 245,000
Bedrooms-- Baths-- Sq 4,376

Monthly Estimate*

$ 1,528

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Commercial Property for sale in New London, CT

for $245,000. This 4,376 square foot building was built in 1910 on a lot size of 0.11.

PRIME WATERFRONT DEVELOPMENT OPPORTUNITY - 130 Bank Street, New London Positioned in the heart of historic downtown New London, this landmark building offers unmatched potential for transformation. Gutted and ready for redevelopment, it's perfectly suited for a vibrant mixed-use project, retail or restaurant space on the first floor and lower level, with apartments above. Zoned CBD-1 and located within an Opportunity Zone, this property comes with valuable tax incentives for investors. The location is unbeatable - across from popular destinations like Tox Brewing Company, Waffle Company, Muddy Waters Cafe, and a variety of shops and restaurants that fuel the area's thriving energy. The property includes 9 dedicated parking spots, a side lot ideal for expansion, and waterside views that add to its appeal. Retail possibilities are endless - wine bar, coffee shop, national tenant (Starbucks, Subway, Chipotle etc), or boutique concept - while upper floors offer lucrative residential potential. This is a rare chance to restore and expand a historic treasure and create a premier destination the community will embrace!

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Commercial Active

Price

$ 245,000

Property Type

Commercial

Taxes

$ 5,367

Style

Lot Size

0.11

Year Built

1910

Town/City

New London

MLS | Web ID

24118367

Features
General
Zoning CBD-1 + Opportunity Zone
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Location Downtown Historic Area Retail Corridor
Property Type Commercial For Sale
Status Active
Acres 0.11
Directions Property is in the Historic District on the water side of Bank Street. Right across from Tox Brewing Company.
City New London
Sq Ft Total 4376
DOM 80
Year Built 1910
Exclusions N/A
Present Use Empty Gutted
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Interior
Utilities Available None/Unknown
Cooling System None
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Carlos Reyes

Listing Agent

William Raveis Real Estate

Broker

carlos.reyes@raveis.com

Email

Affordability Calculator

$1,976
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,528
Monthly Property Taxes
$447
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
10/29/2025$245,000 -10.26% Price Down
8/23/2025$273,000 -8.39% Price Down
8/11/2025$298,000 Listed Price

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130 Bank Street, New London, CT, 06320 is a Commercial Property for sale at $245,000 with 4,376 sqft and a lot size of 0.11. 130 Bank Street was built in 1910. The property's zip code is 06320 which is in New London, CT