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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1897 | COUNTY | New London |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | Per Board of Ed |
| ADDITIONAL DETAILS | |
| BASEMENT | Full, Unfinished, Yes |
|---|---|
| CONSTRUCTION | Brick |
| HEAT | Heat Pump, Natural Gas |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Level, Waterfront |
| STYLE | Units on different Floors |
| TAXES | 23446 |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Front |
| ZONING | CBD-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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