Property Listing No Longer Available for Sale

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
UpdatedDecember 10th, 2011
TypeRetail
Price$585,000
Building11,191 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.


Financials



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