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$2,100,000 Just Listed
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Property Description
Positioned in the heart of New London's thriving waterfront district, this fully renovated mixed-use asset offers investors a rare opportunity to acquire a stabilized, income-producing property with long-term upside. Overlooking the Thames River, the property combines historic New England charm with modern functionality in one of southeastern Connecticut's most desirable coastal markets. The three-story granite and brick building encompasses approximately 12,311 square feet and was completely gut-renovated in 2019. The renovation modernized all major systems while carefully preserving the building's original architectural character. As a result, the property delivers both aesthetic appeal and operational efficiency, appealing to today's residential and commercial tenants. The asset features a well-balanced and diversified income stream, consisting of eight residential apartments, two retail storefronts, and one industrial/flex unit. This mix of uses provides multiple revenue channels and helps mitigate risk by reducing reliance on any single tenant category. The residential units benefit from strong demand driven by the property's walkable location, waterfront setting, and scenic river views. Tenants are drawn to the combination of lifestyle and convenience, with immediate access to downtown amenities, dining, and entertainment. The commercial spaces offer excellent visibility and frontage, making them highly attractive for retail, service-based businesses, or flex .
Full Property Details
Full Property Details for 90-94 Bank St
General
- Price: $2,100,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24166663
- Updated: 4/13/2026
- Added to Site: 1 day(s) ago
Business
- Business Included: Yes
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Location
- County: New London
- Driving Directions: Gps
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Zoned
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
Structural Information
- Roof: Tar/Gravel
- Square Feet: 12,311
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Mix Use
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: 1 Bedroom
- Total Bathrooms: 1
Unit 2
- Unit Description: 2 Bedrooms
- Total Bathrooms: 1
Unit 3
- Unit Description: Efficiency
- Total Bathrooms: 1
Unit 4
- Unit Description: Retail
- Total Bathrooms: 1
Unit 5
- Unit Description: Industrial
Lot Features
- Lot Size (Acres): 0.13
- Frontage: Municipal Street
- Present Use: Mix Use
- Zoning: CBD-1
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $1,078,400
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Other
- Property ID: 1999753
Listed by Lakeshore Realty, Ilir Dedvukaj
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Price & Sales History for 90-94 Bank St
Date
Details
Price
Change
Source
4/13/2026
Listed
$2,100,000
61.54%
MLS
2/11/2021
Sold
$1,300,000
—
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 90-94 Bank St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,400
-1%
$1,078,400
—
2023
$30,734
22%
$1,078,400
64%
2023
$25,252
—
$657,090
—
2022
$25,272
144%
$657,090
148%
2021
$10,359
-1%
$264,600
—
2020
$10,423
-4%
$264,600
—
2019
$10,875
-7%
$264,600
2%
2018
$11,660
2%
$258,300
—
2017
$11,432
6%
$258,300
—
2016
$10,805
-33%
$258,300
-37%
2015
$16,202
15%
$410,270
—
2014
$14,060
23%
$410,270
-2%
2011
$11,477
—
$417,340
—
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 90-94 Bank St
90-94 Bank Street, New London, CT 06320 (MLS# 24166663) is a Commercial property. 90-94 Bank Street is currently listed for $2,100,000 and was received on April 13, 2026. Want to learn more about 90-94 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.

