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$525,000 Just Listed
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Property Description
Prime Downtown New London Commercial Opportunity!! Exceptional investment opportunity in the heart of New London's vibrant downtown district. This well-maintained commercial building offers over 4,700+ square feet of versatile interior space, plus an additional 586 square foot patio, providing excellent flexibility for a variety of business concepts. The property is currently configured as two separate units, though it is presently leased to a single tenant operating a successful restaurant that occupies the entire building. This setup offers immediate rental income potential while maintaining future flexibility for multi-tenant use. Positioned in a high-visibility, high-foot-traffic location, this property benefits from strong surrounding retail, dining, and waterfront attractions. The building presents endless possibilities for investors and owner-operators alike - continue its use as a restaurant, reconfigure for mixed commercial tenants, or explore redevelopment opportunities. Notably, there is potential to build upward and add residential apartments above, creating a compelling mixed-use investment in one of downtown's most desirable corridors (subject to approvals). Please note: Sale includes the building only. The restaurant business is not included in the sale. An outstanding opportunity to own a prime piece of downtown real estate with income and future development potential.
Full Property Details
Full Property Details for 200 Bank St
General
- Price: $525,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24155567
- Updated: 2/22/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Location
- County: New London
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas
Structural Information
- Roof: Rubber
- Square Feet: 4,728
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Restaurant
- Year Built: 1939
Unit Information
Unit 1
- Unit Description: Retail
- Total Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.08
- Frontage: Municipal Street
- Present Use: Restaurant
- Zoning: CBD-1
- Lot Description: N/A
Financial Considerations
- Assessment Amount: $313,100
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: None
- Property ID: 1999764
Listed by RE/MAX One, Next Level Team of RE/MAX One, Christopher Torrez
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Price & Sales History for 200 Bank St
Date
Details
Price
Change
Source
2/22/2026
Listed
$525,000
31.25%
MLS
3/07/2025
Sold
$400,000
—
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 200 Bank St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,826
-1%
$313,100
—
2023
$8,923
-18%
$313,100
11%
2023
$10,836
-10%
$281,960
-10%
2022
$12,018
-2%
$312,480
—
2021
$12,234
-1%
$312,480
—
2020
$12,309
-4%
$312,480
—
2019
$12,843
-4%
$312,480
5%
2018
$13,401
2%
$296,870
—
2017
$13,139
6%
$296,870
—
2016
$12,418
6%
$296,870
—
2015
$11,723
15%
$296,870
—
2014
$10,174
70%
$296,870
36%
2011
$6,002
—
$218,260
—
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 200 Bank St
200 Bank Street, New London, CT 06320 (MLS# 24155567) is a Commercial property. 200 Bank Street is currently listed for $525,000 and was received on February 22, 2026. Want to learn more about 200 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.

