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35 Bank StreetNew London, CT 06320MLS Number 170258702

  • Price: $799,500The price has recently decreased
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Est. Mortgage: $/month

Federal 30-year interest rate: 2.9% last updated on 2020-09-24

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Listed by Constance Howard and Susan Howard of US Properties
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35 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 0632035 Bank New London CT 06320
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  • $799,500List Price
  • 0.26Acreage
  • 21,408Square Feet
  • 1920Year Built
Landmark, historic theater in the heart of downtown New London located in the Opportunity Zone, ready to be refurbished or re-purposed with potential for adding floors and multiple revenue streams. Building has an 11,000 SF footprint, approx. 3,500 SF mezzanine and 11,000 SF basement. Built in 1921 as a Vaudeville theater, later used as a movie theater, seated 2,500. New roof in 2010. Federal and Historic Tax credits applicable. Wonderful opportunity to create a destination site! In close proximity to Amtrak and Long Island ferry stations and the future Coast Guard Museum.

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Market Realty, LLC

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

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More Info

Basic Information

  • Broker NameUS Properties
  • List Price$799,500
  • MLS Number170258702
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNew London
  • Commercial catagoryInvestment, Office, Retail
  • ColistofficenameUS Properties
  • Also for leaseNo
  • MLS StatusActive

Utilities

  • Heat SystemSteam
  • Heating FuelOil
  • Utilities availableElectric Available, Phone Available, Cable Available
  • Water sourcePublic Water Connected
  • Cooling SystemNone
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$178,640
  • Taxes$7,342
  • Tax YearJuly 2019-June 2020
  • Milrate base39
  • Milrate tax district1
  • Milrate total41.1

Property

  • Acreage0.26
  • Lot DescriptionDry, Level Lot
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo

Basic Information

  • Agent IDhowardcc, ehowards

Location

  • CountyNew London
  • LocationDowntown
  • StateCT
  • Zip06320

Building

  • FoundationBrick, Masonry
  • RoofFlat, Rubber
  • Year Built1920
  • Building ConstructionBrick
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoOn Street Parking
  • Square Feet21,408
  • Additional space availableNo

Amenities

  • UsmAmenitiesBasement

Auction

  • Bank owned propertyYes

Other

  • Documents AvailableBrochure
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Space is leasedNo
  • View Count17

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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