Tag: New London

Posted on 10/01/2024
35 Bank Street, New London, CT 06320 is now new to the market!
Landmark, historic theater in the heart of downtown New London located in the Opportunity Zone, ready to be refurbished or re-purposed with potential for adding floors and multiple revenue streams. Building has an 11,000 SF footprint, approximately 3,500 SF mezzanine and 11,000 SF basement. Built in 1921 as a Vaudeville theater, later used as a movie theater, seated 2,500. new roof in 2010. Federal and Historic Tax credits applicable. Wonderful opportunity to create a destination site! In close proximity to Amtrak and Long Island ferry stations and the future Coast Guard...
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Posted on 09/11/2024
4 State Street, New London, CT 06320 now has a new price of $3,000!
Fantastic opportunity for a restaurant, bar or retail in the heart of downtown New London across from the train & ferry station and the future USCG Museum. Approximately 950 SF, this former bar is gutted and ready for build out. Perfect for many uses. CBD-1 zoning's purpose is to "...provide for and encourage a variety of retail businesses, business and professional offices, service businesses, entertainment and cultural...
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Posted on 09/10/2024
4 State Street, New London, CT 06320 is now new to the market!
Fantastic opportunity for a restaurant, bar or retail in the heart of downtown New London across from the train & ferry station and the future USCG Museum. Approximately 950 SF, this former bar is gutted and ready for build out. Perfect for many uses. CBD-1 zoning's purpose is to "...provide for and encourage a variety of retail businesses, business and professional offices, service businesses, entertainment and cultural...
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Posted on 08/17/2024
8 Bank Street, New London, CT 06320 is now new to the market!
2,226 SF space on prime corner in downtown New London at the intersection of Bank Street and State Street. 1,308 SF on Bank Street and 918 on State Street. In close proximity to train station and ferry terminal. Indoor seating for approximately 65. Kitchen equipment includes hood, fryolators, pizza oven, gas stove, 3 bay sink, walk-in cooler and more. Space offered "as is" for 6 months free rent. Lease rate: $3,000/month plus...
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Posted on 08/03/2024
Another Property Sold - 20 Tilley Street, New London, CT 06320
This 1873 Victorian Guesthouse known as "The Port New London" includes 9 guest rooms and one furnished apartment. There are two shared bathrooms and one half bathroom for guests. The apartment has its own private bathroom and kitchen. Rooms are rented for a 30 day minimum stay. All guests have use of a fully equipped spacious kitchen, dining room, parlor and sitting room. The back yard has a picnic table and gas grill for guest's to use. Room rates vary during the season from $800 to $2,000 per month. Gross annual income is approximately $120,000, NOI is $74,000 (8 CAP). Booking is done through Airbnb.New London and does not require a...
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Posted on 07/04/2024
Another Property Sold - 458 Ocean Avenue, New London, CT 06320
Freestanding 996 SF commercial building with 2 drive throughs previously used as a restaurant/cafe. Would make a great take out or drive though restaurant. Located in close proximity to Yale New Haven Hospital, colleges and Ocean Beach. On a highly visible corner with frontage on both Ocean Avenue and School Street. Parking lot for 4 cars as well as on street. Zoned 'Neighborhood Business' for many retail and commercial...
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Posted on 06/25/2024
Another Property Sold - 37 Tilley Street, New London, CT 06320
13 Unit multi-family in heart of downtown New London. 12 Units rented. One unit available, gutted and ready for buildout. 3-Story building approximately 2,308 SF per floor. Full basement: 2,264 SF. NOI approximately $70,780. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New London's downtown historic...
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Posted on 05/21/2024
Another Property Sold - 501 Ocean Avenue, New London, CT 06320
Beautiful stone masonry 2-story office building for sale (formerly medical). First floor: handicap access, 4 offices, kitchen, handicap bathroom, 2,160 SF. Second floor: 8 offices, furniture is optional, 2,160 SF. Building has split systems for heat and air, new alarm system and parking for 20 cars. Lots of natural light. Great location in close proximity to Yale L&M Hospital, downtown New London and I-95. Also available for Lease: $15.00...
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Posted on 04/26/2024
20 Tilley Street, New London, CT 06320 now has a new price of $850,000!
Legal boarding house with nine guest rooms and one fully furnished apartment. Currently rented as medium term housing with a 30 day minimum. Access to fully equipped kitchen, dining room, parlor and sitting room. Shared bathrooms are in the hallway. 2-Story building: 6,610 SF with full basement. Room rates vary from $800 to over $2,000 per month in high season. Gross annual income approximately $120,000 and NOI of $74,000. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New London's downtown historic district. Please also see MLS...
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Posted on 04/26/2024
20 Tilley Street, New London, CT 06320 now has a new price of $850,000!
This 1873 Victorian Guesthouse known as "The Port New London" includes 9 guest rooms and one furnished apartment. There are two shared bathrooms and one half bathroom for guests. The apartment has its own private bathroom and kitchen. Rooms are rented for a 30 day minimum stay. All guests have use of a fully equipped spacious kitchen, dining room, parlor and sitting room. The back yard has a picnic table and gas grill for guest's to use. Room rates vary during the season from $800 to $2,000 per month. Gross annual income is approximately $120,000, NOI is $74,000 (8 CAP). Booking is done through Airbnb.New London and does not require a...
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Posted on 03/29/2024
20 Tilley Street, New London, CT 06320 now has a new price of $950,000!
Legal boarding house with nine guest rooms and one fully furnished apartment. Currently rented as medium term housing with a 30 day minimum. Access to fully equipped kitchen, dining room, parlor and sitting room. Shared bathrooms are in the hallway. 2-Story building: 6,610 SF with full basement. Room rates vary from $800 to over $2,000 per month in high season. Gross annual income approximately $120,000 and NOI of $74,000. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New London's downtown historic district. Please also see MLS...
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Posted on 03/29/2024
20 Tilley Street, New London, CT 06320 now has a new price of $950,000!
Legal boarding house with nine guest rooms and one fully furnished apartment. Currently rented as medium term housing with a 30 day minimum. Access to fully equipped kitchen, dining room, parlor and sitting room. Shared bathrooms are in the hallway. 2-Story building: 6,610 SF with full basement. Room rates vary from $800 to over $2,000 per month in high season. Gross annual income approximately $120,000 and NOI of $74,000. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New London's downtown historic district. Please also see MLS...
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