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$185,000
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Property Description
PRIME WATERFRONT DEVELOPMENT OPPORTUNITY - 130 Bank Street, New London Positioned in the heart of historic downtown New London, this landmark building offers unmatched potential for transformation. Gutted and ready for redevelopment, it's perfectly suited for a vibrant mixed-use project, retail or restaurant space on the first floor and lower level, with apartments above. Zoned CBD-1 and located within an Opportunity Zone, this property comes with valuable tax incentives for investors. The location is unbeatable - across from popular destinations like Tox Brewing Company, Waffle Company, Muddy Waters Cafe, and a variety of shops and restaurants that fuel the area's thriving energy. The property includes 9 dedicated parking spots, a side lot ideal for expansion, and waterside views that add to its appeal. Retail possibilities are endless - wine bar, coffee shop, national tenant (Starbucks, Subway, Chipotle etc), or boutique concept - while upper floors offer lucrative residential potential. This is a rare chance to restore and expand a historic treasure and create a premier destination the community will embrace. Don't miss it!
Full Property Details
Full Property Details for 130 Bank St
General
- Sold For: $185,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24118367
- Added to Site: 196 day(s) ago
Parking
- Uncovered Spaces: 9
- Total Spaces: 9
- Parking: Parking Lot, On Street Parking, Off Street Parking
Location
- County: New London
- Driving Directions: Property is in the Historic District on the water side of Bank Street. Right across from Tox Brewing Company.
Heating & Cooling
- Cooling Type: None
- Heating Type: No Heat
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: None/Unknown
Structural Information
- Roof: Asphalt Shingle
- Square Feet: 4,376
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Empty, Gutted
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.11
- Frontage: Municipal Street
- Present Use: Empty, Gutted
- Potential Use: Retail & Apartments
- Zoning: CBD-1 + Opportunity Zone
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $190,400
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Photo/Survey, Other
- Property ID: 1999757
Listed by William Raveis Real Estate, Carlos Reyes
Sold by William Pitt Sotheby's Int'l, Amanda Gaudette
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Schools
Schools serving 130 Bank St
School District:New London School District
| Name | Grades | Distance |
|---|---|---|
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 High School 20 Chester Street, New London, CT 06320 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 130 Bank St
Date
Details
Price
Change
Source
2/11/2026
Sold
$185,000
-24.49%
MLS
10/29/2025
Price Reduced
$245,000
-10.26%
MLS
8/23/2025
Price Reduced
$273,000
-8.39%
MLS
8/11/2025
Listed
$298,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
130 Bank Street, New London, CT 06320 (MLS# 24118367) is a Commercial property that was sold at $185,000 on February 11, 2026. Want to learn more about 130 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.

