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$250,000
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Property Description
Landmark, historic theater in the heart of downtown New London located in the Opportunity Zone, ready to be refurbished or re-purposed with potential for adding floors and multiple revenue streams. Building has an 11,000 SF footprint, approximately 3,500 SF mezzanine and 11,000 SF basement. Built in 1921 as a Vaudeville theater, later used as a movie theater, seated 2,500. new roof in 2010. Federal and Historic Tax credits applicable. Wonderful opportunity to create a destination site! In close proximity to Amtrak and Long Island ferry stations and the future Coast Guard Museum.
Full Property Details
Full Property Details for 35 Bank St
General
- Sold For: $250,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24050337
- Added to Site: 508 day(s) ago
Location
- County: New London
- Driving Directions: GPS Friendly.
Heating & Cooling
- Cooling Type: None
- Heating Type: Steam, Oil
- Heating Fuel: Oil
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric Available, Phone Available, Cable
Structural Information
- Roof: Flat
- Square Feet: 21,408
- Sq. Ft. Source: Public Records
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.26
- Frontage: Municipal Street
- Zoning: CBD1 & Opportunity Zone
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $300,800
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 2436909
Listed by US Properties, Constance Howard and US Properties, Susan Howard Cihocki
Sold by U.S. Properties Real Estate Services, LLC, Erik Mills
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Schools
Schools serving 35 Bank St
School District:New London School District
| Name | Grades | Distance |
|---|---|---|
Harbor School 432 Montauk Avenue, New London, CT 06320 | PK-5 | 1.3 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 35 Bank St
Date
Details
Price
Change
Source
1/05/2026
Sold
$250,000
-33.33%
MLS
9/30/2024
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
35 Bank Street, New London, CT 06320 (MLS# 24050337) is a Commercial property that was sold at $250,000 on January 05, 2026. Want to learn more about 35 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.

