Commercial Bldg in Downtown New London For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30322889
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,401 SF
Gross Land Area: 0.06 Acres
Sale Price: $125,000
Unit Price: $52.06 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,401 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/2/2019

Overview / Comments

Bank Street, PRIME Downtown New London location. Excellent Retail Contractor shop. Office and Storage area (total 2,400+/-sf), currently used as a barbershop, tenant month-to-month. Zones C-1 Commercial and Enterprise. For Sale $125,000 – Priced to sell. Offers welcome.

I-95 South Exit 83 OR I-95 North Exit 82A. Turn left onto Colman St. At end, turn left onto Bank St. About 0.2 miles on right.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Bank St.
Feet of Frontage: 37
Traffic/Vehicle Count: 7,500
Highway Access: About 3 miles to I-95
Airports: Groton / New London 4.8 miles
Area Description: Downtown New London
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,401 SF
Property Condition: Good
Year Built: 1920
Parking Description: Only on-street parking
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Window Unit
Zoning Description: C-1 Commercial and Enterprise Zones
Lot Frontage: 37
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,931 61,307 86,468
Median Age: 33.08 35.25 37.33
Households: 7,487 24,119 33,786


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