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$1,500,000 Just Listed

  • For Sale
  • Active
  • Commercial
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Fully leased, mixed-use property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on 5,508 SF on the second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.

Full Property Details for 147 Bank St

General

  • Price: $1,500,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 24150720
  • Updated: 2/6/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Restrooms: 6

Location

  • County: New London
  • Driving Directions: GPS friendly.

Heating & Cooling

  • Cooling Type: Split System
  • Heating Type: Heat Pump, Natural Gas
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected
  • Utility Description: Electric, Gas Available, Phone Available

Structural Information

  • Roof: Tar/Gravel
  • Stories/Levels: 4
  • Stories in Building: 4
  • Square Feet: 11,894
  • Sq. Ft. Source: Public Records
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.09
  • Frontage: Municipal Street
  • Zoning: CBD-1
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $470,800
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Documents Avail.: Brochure
  • Property ID: 1999800

Listed by U.S. Properties Real Estate Services, LLC, Constance Howard and U.S. Properties Real Estate Services, LLC, Susan Howard Cihocki

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Listing agents

— 147 Bank St —

  • Constance Howard

    U.S. Properties Real Estate Services, LLC

  • Susan Howard Cihocki

    U.S. Properties Real Estate Services, LLC

Agent Contact: (615) 293-3878 Office Contact: (860) 691-2011

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 147 Bank St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/06/2026
Listed
$1,500,000
2900%
MLS
7/18/2013
Sold
$50,000
—
Public Record
Get Price Alerts and Save Property
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 for 147 Bank St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,272
3%
$470,800
4%
2023
$12,885
-14%
$452,100
15%
2023
$15,067
—
$392,070
—
2022
$15,079
-2%
$392,070
—
2021
$15,350
-1%
$392,070
—
2020
$15,444
-4%
$392,070
—
2019
$16,114
-7%
$392,070
2%
2018
$17,335
2%
$384,020
—
2017
$16,997
16%
$384,020
9%
2016
$14,676
138%
$350,840
124%
2015
$6,173
91%
$156,310
66%
2014
$3,234
-23%
$94,360
-38%
2011
$4,216
—
$153,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by U.S. Properties Real Estate Services, LLC, Constance Howard and U.S. Properties Real Estate Services, LLC, Susan Howard Cihocki

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147 Bank Street, New London, CT 06320 (MLS# 24150720) is a Commercial property. 147 Bank Street is currently listed for $1,500,000 and was received on February 06, 2026. Want to learn more about 147 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.

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