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109-111 Bank Street New London, CT 06320
15,511 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,511 sqft
Price per Sqft $90
MLS Listing ID 24174297
Year Built 1790
Annual Tax Amount $18,199
Lot Size 0.260 Acres
Property Description
109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7,023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4,500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property. Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits. The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat's continued workforce expansion and significant ongoing investment throughout downtown New London. Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors
Location
State CT
County New London
Zoning CBD-1
Interior
Heating Hot Air
Cooling None
Exterior
Utilities Available Electric Available, Gas Available, Cable Available, Fire Suppression System
Roof Type Asphalt Shingle
Building
Lot Description Dry, Level Lot
Sewer Public Sewer In Street
Water Public Water In Street
Listed by Shannon Healy • Parker Benjamin Real Estate Se