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$1,400,000
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Property Description
109-111 Bank Street presents a unique opportunity to acquire a historic mixed-use property in the center of downtown New London's Bank Street district. Built in 1790, the Bulkeley House is one of the city's oldest waterfront buildings and sits directly between Tox Brewing Company and Hygienic Art, two of the area's most active entertainment and cultural destinations. The property contains approximately 7,023 SF with a large existing restaurant layout, private dining/event areas, and an expansive outdoor patio and pavilion space totaling over 4,500 SF. The site also benefits from immediate access to a city-owned parking lot located directly behind the property. Prepared permit set redevelopment drawings by DJLU Architect contemplate a mixed-use conversion featuring a ground-floor restaurant and hospitality concept with residential apartments on the upper floors. The property may also qualify for state and federal historic tax credits. The location is positioned within walking distance of Union Station, Cross Sound Ferry, and the future National Coast Guard Museum, which is currently under development on the waterfront. Additional regional growth drivers include Electric Boat's continued workforce expansion and significant ongoing investment throughout downtown New London. Inquiries, financials, the full DJLU permit set, the property survey, and the New London Economic Drivers 2025 brief are available to qualified investors
Full Property Details
Full Property Details for 109-111 Bank St
General
- Price: $1,400,000
- Taxes: (July 2026-June 2027)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24174297
- Updated: 7/29/2026
- Added to Site: 93 day(s) ago
Location
- County: New London
- Driving Directions: I95 to Huntington Street to Bank Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer In Street
- Water: Public Water In Street
- Utility Description: Electric Available, Gas Available, Cable Available, Fire Suppression System
Structural Information
- Roof: Asphalt Shingle
- Square Feet: 15,511
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Vacant
- Year Built: 1790
Lot Features
- Lot Size (Acres): 0.26
- Frontage: Municipal Street
- Present Use: Vacant
- Potential Use: Restaurant, Residential
- Zoning: CBD-1
- Lot Description: Dry, Level Lot
Financial Considerations
- Assessment Amount: $645,600
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Documents Avail.: Brochure, Photo/Survey, Zoning Approval
- Property ID: 1999797
Listed by Parker Benjamin Real Estate Se, Shannon Healy
Get Pre-Approved Today
Schools
Schools serving 109-111 Bank St
School District:New London School District
| Name | Grades | Distance |
|---|---|---|
C.B. Jennings International Elementary Magnet 50 Mercer Street, New London, CT 06320 | PK-5 | 0.6 mi |
Winthrop STEM Elementary Magnet School 74 Grove Street, New London, CT 06320 | K-5 | 1.1 mi |
Harbor School 432 Montauk Avenue, New London, CT 06320 | PK-5 | 1.2 mi |
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320 | 6-8 | 0.7 mi |
New London Visual and Performing Arts Magnet School 36 Waller Street, New London, CT 06320 | 6-11 | 0.7 mi |
New London High School 20 Chester Street, New London, CT 06320 | 9-12 | 1.5 mi |
Science and Technology Magnet School of Southeastern Connecticut 20 Chester Street, New London, CT 06320 | 6-12 | 1.5 mi |
Nathan Hale Arts Magnet School 37 Beech Drive, New London, CT 06320 | K-5 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 109-111 Bank St
Date
Details
Price
Change
Source
5/06/2026
Listed
$1,400,000
76.1%
MLS
5/28/2025
Sold
$795,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 109-111 Bank St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,199
-1%
$645,600
—
2023
$18,400
-18%
$645,600
10%
2023
$22,519
—
$585,970
—
2022
$22,536
-2%
$585,970
—
2021
$22,941
-1%
$585,970
—
2020
$23,081
-4%
$585,970
—
2019
$24,083
-3%
$585,970
7%
2018
$24,795
2%
$549,290
—
2017
$24,312
6%
$549,290
—
2016
$22,977
6%
$549,290
—
2015
$21,691
15%
$549,290
—
2014
$18,824
30%
$549,290
4%
2011
$14,526
—
$528,220
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 109-111 Bank St
109-111 Bank Street, New London, CT 06320 (MLS# 24174297) is a Commercial property. 109-111 Bank Street is currently listed for $1,400,000 and was received on May 06, 2026. Want to learn more about 109-111 Bank Street? Do you have questions about finding other Commercial real estate for sale in New London? You can browse all New London real estate or contact a Coldwell Banker agent to request more information.

