90-94 Bank Street
New London, Connecticut

Description:

Positioned in the heart of New London's thriving waterfront district, this fully renovated mixed-use asset offers investors a rare opportunity to acquire a stabilized, income-producing property with long-term upside. Overlooking the Thames River, the property combines historic New England charm with modern functionality in one of southeastern Connecticut's most desirable coastal markets. The three-story granite and brick building encompasses approximately 12,311 square feet and was completely gut-renovated in 2019. The renovation modernized all major systems while carefully preserving the building's original architectural character. As a result, the property delivers both aesthetic appeal and operational efficiency, appealing to today's residential and commercial tenants. The asset features a well-balanced and diversified income stream, consisting of eight residential apartments, two retail storefronts, and one industrial/flex unit. This mix of uses provides multiple revenue channels and helps mitigate risk by reducing reliance on any single tenant category. The residential units benefit from strong demand driven by the property's walkable location, waterfront setting, and scenic river views. Tenants are drawn to the combination of lifestyle and convenience, with immediate access to downtown amenities, dining, and entertainment. The commercial spaces offer excellent visibility and frontage, making them highly attractive for retail, service-based businesses, or flex .

Listing Courtesy of Lakeshore Realty