Nest Seekers

This centrally located mixed use building is an opportunity to own a cash flowing asset in the thriving New London market.

623-625 Bank
New London, CT 06320

Listing

Web ID:5754668
Website:https://www.nestseekers.com/5754668

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 3
Area: 4688 sq ft

Financials

Price:$540,000
Annual Taxes:$6,702

Description

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.

Amenities

  • ceiling fan
  • Elementary School -
  • High School -
  • Intermediate School -
  • Wall Unit

Contact

Greenwich, CT
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
greenwich@nestseekers.com
Listing Courtesy of Thomas Connor of Horvath & Tremblay
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