623-625 Bank Street, New London, CT 06320

$548,000

Est. payment /mo

$540,000

1.5%
Est.Price: ?

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623-625 Bank Street New London, CT 06320

3 Baths

4,688 SqFt

SOLD DATE : 11/04/2026

Key Details

Sold Price $548,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,688 sqft

Price per Sqft $116

MLS Listing ID 24207830

Sold Date 11/04/26

Full Baths 3

Year Built 1920

Annual Tax Amount $6,702

Lot Size 5,227 Sqft

Property Description

This centrally located mixed-use building is an opportunity to own a cash flowing asset in the thriving New London market. Located near major economic drivers like Electric Boat, Pfizer, Coast Guard Academy, Connecticut College, and UConn Avery Point, this asset is in the heart of Southeastern Connecticut's growing economy. 623-625 Bank Street is well-positioned in New London, offering convenient access to the city's central business district, neighborhood retail corridors, and surrounding residential neighborhoods. The Property benefits from strong connectivity to major regional routes, including Interstate 95, U.S. Route 1, and Route 32, providing efficient access throughout southeastern Connecticut and into Rhode Island The multi-story building contains one (1) Commercial unit and three (3) 2-Bedroom/1-Bathroom units with 4,472 square feet of gross living area in 4,688 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features one (1) off-street parking space. This is a great value-add opportunity for hands on investors looking to increase cash flow in a flourishing rental market.

Location

State CT

County New London

Zoning C-1

Interior

Heating Baseboard

Cooling Ceiling Fans, Wall Unit

Exterior

Utilities Available Electric, Gas

Roof Type Asphalt Shingle

Building

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Thomas Connor • Horvath & Tremblay
Bought with Judy Halleran • RE/MAX on the Bay
Kimberly Conderino

Kimberly Conderino

Agent License ID: RES.0822406

+1(860) 235-5863

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