663 & 697 Bank Street, and 25 Truman Street
New London, CT
Retail for Sale - $585,000 - 11,191 Sq. Ft.

Property Info
| CIMLS# | 271038 |
| Location 663 & 697 Bank Street, and 25 Truman Street New London CT 06320 | |
| Updated | December 10th, 2011 |
| Type | Retail |
| Price | $585,000 |
| Building | 11,191 Sq. Ft. |
Property Description
Buy All Three Buildings or Buy Separately
The “Gateway” building to New London
Outstanding building and signage visibility
Traffic-lighted intersection
13,200 Average Daily Traffic
Over 10,000 SF of finished space
Fully air-conditioned showroom; office; retail
3rd generation business closing after 72 years LOCATION: The Gateway to Downtown New London
PROXIMITY: Close to Pfizer, L&M Hospital, & Shaw’s Cove Business Park
AVAILABILITY: 11,191 SF +/- of two-story, finished retail space plus shop/warehouse on .44 acre
1. 2,028 SF +/-
2. 2,654 SF +/-
3. 6,509 SF +/-
FRONTAGE: Bank Street: 180 Feet; Truman Street: 315 Feet
TRAFIC COUNT: Average Daily Traffic: Bank Street: 13,200; Truman Street: 315
DESCRIPTION: Former Campo’s Furniture Store
BUILDING AGE: 3 Buildings: 1875; 1920; 1950. Most recent renovation: 2005
FEATURES ? Well maintained & upgraded ? New façade ? 13 off-street plus garage and on-street parking.
? Signage visibility from three traffic signals away ? Pre-existing parking ratio for retail use
? 1 loading dock ? Air-conditioned ? Traffic-lighted intersection ? 2 ground-level overhead doors
DEMOGRAPHICS: 1 Mile 3 Miles 5 Miles
Population: 13,767 57,325 76,762
Total Households: 6,290 24,881 32,685
Total Daytime Population: 15,366 54,269 72,742
Median Household Income: $34,873 $45,842 $50,066
UTILITIES: Oil heat; city sewer and water; natural gas available
ZONING: C-1 Commercial. Permitted uses include retail stores, medical and professional offices, restaurants, fast
food, funeral parlors, places of worship, dry cleaning, laundromat, animal hospital, institutions for higher
learning, night clubs, outpatient and rehabilitation centers, and other uses.
TAXES: A. 663 Bank St: $5,651.72
B. 697 Bank St: $4,230.82
C. Truman St: $2,622.12
FOR SALE: A. 663 Bank St: $295,000
B. 697 Bank St: $295,000
C. 25 Truman St: $95,000
All three buildings: $585,000
FOR LEASE: Negotiable.
Long term credit tenants only.
