35-41 Bank St
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35-41 Bank St
11,000 SF Retail Building New London, CT 06320 $531,551 CAD ($48 CAD/SF)
Investment Highlights
- Refurbish or repurpose.
Executive Summary
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, approximately 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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
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Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
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Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,000 SF
Building Class
C
Year Built
1900
Price
$531,551 CAD
Price Per SF
$48 CAD
Tenancy
Single
Building Height
3 Stories
Slab To Slab
14’
Building FAR
0.97
Land Acres
0.26 AC
Opportunity Zone
Yes
Zoning
CBD1 - Central Business District
Walk Score ®
Very Walkable (85)
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35-41 Bank St
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