1. Connecticut
  2. New London
  3. 130 Bank Street
$298,000

130 Bank Street, New London, CT 06320

  • 4,376 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $68/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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!

Listing Status:
Active
Date Added:
August 11, 2025 at 09:18PM
Listing Office:
William Raveis Real Estate : (860) 536-2600
Listing Agent:
Carlos Reyes : (917) 971-8821
MLS ID:
24118367
  • A/C: None
  • Heating: No Heat

This listing courtesy of Carlos Reyes, William Raveis Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

C. B. Jennings Dual Language and International Elementary Magnet School

50 Mercer St, New London, CT, 06320

Grades PK-5

0.59 miles away

B

Bennie Dover Jackson International Education and Dual Language Middle School

36 Waller St, New London, CT, 06320

Grades 6-8

0.74 miles away

N

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.