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MLS 24150729 For Sale Updated March 20, 2026
53-55 Bank Street

New London, Connecticut 06320

$1,950,000
On market 41 days
53-55 Bank Street
1 / 7

About This Property

Mixed-use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Property Details

Interior

Heat
Heat Pump — Natural Gas
Cooling
Split System

Exterior & Lot

Roof
Tar/Gravel
Construction
Construction
Lot Description
Level Lot

Utilities & Systems

Water Source
Public Water Connected
Sewer
Public Sewer Connected

Community & Schools

Elementary
NULL
Middle
NULL
High
NULL

53-55 Bank Street

New London , Connecticut 06320

$1,950,000

On market 41 days

Beds
-
Baths
-
SqFt
10,636
Type
Commercial
County New London
Garage -
Rooms -
Lot Size 0.11 Acres
Property Tax $23,446
Assessed Value $831,700
Year Built 1897
Zoning CBD-1

Payment Estimate

30-year fixed. Includes taxes; estimates only.

Estimated Monthly Payment
Open the full mortgage calculator →

Property Map

Map location is based on the property address.

Listing information is deemed reliable but not guaranteed and is sourced from the local MLS feed. Brokerage shown: THAM60.

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