53 Bank Street, New London, CT 06320

New London
Local realty services provided by:Better Homes and Gardens Real Estate Shore & Country Properties
53 Bank Street,New London, CT 06320
$1,950,000
  • 5 Beds
  • - Baths
  • 7,668 sq. ft.
  • Multi-family
  • Active
Listed by: constance howard(615) 293-3878
Office: u.s. properties real estate services, llc
MLS#:24157233
Source:CT

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$254.3

About this home

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. Contact 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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1897
  • Listing ID #:24157233
  • Added:1 day(s) ago
  • Updated:March 03, 2026 at 10:43 PM

Rooms and interior

  • Bedrooms:5
  • Rooms Total:5
  • Basement Description:Full Basement, Unfinished
  • Living area:7,668 sq. ft.

Heating and cooling

  • Cooling:Split System
  • Heating:Heat Pump

Structure and exterior

  • Year built:1897
  • Building area:7,668 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level Lot
  • Construction Materials:Brick

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water In Street

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$254.3
  • Tax amount:$23,446 (July 2025-June 2026)
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.

New listings near 53 Bank Street