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20 Unit Mixed use property Residential/Commercial
Investment Overview: 63 Eugene O' Neil Drive is a mixed-use retail/office building. The 34,000+ square foot property is comprised of a Citizens Bank branch (retail/office) and Robinson & Cole LLP, a prominent law firm with offices in a CT, MA, NY, RI, FL and CA. The vacancy of 11,665 square feet provides substantial upside for a new owner with varying layouts on both street level and 2nd floor. The original bank built for New London Savings is now occupied by Citizens Bank and includes the branch bank with more than $200,000,000 in deposits and some of their supportive office space. The interior and exterior of this section includes many elaborate finishes such as vaulted ceilings, marble within the main room along with intricate woodwork throughout and a marble fireplace in the boardroom. The supportive office space for both Citizens and Robinson & Cole are finished in typical wood accents, wall to wall carpeting, suspended ceiling tiles and large windows. The lower level of the building includes a parking garage, finished office space and unfinished mechanical rooms. Citizens Bank occupies the finished office space on this floor as a training facility.
Multi-unit retail property in Downtown New London with 100% occupancy. Starting in 2016 annual rent will exceed $70,000. Financing available.
9,048 SF, Store Display Area: 583 SF. Acres: 0.57. Heating: Gas. Public Water & Sewer. Frontage: 120 Ft. Zone: C-1. Style: Service Shop. Also for Lease: $13.75/SF NNN.
Approximately 6,446 SF includes remodeled and well equipped restaurant and bar with a 5-year lease as well as 2 apartments. Includes parking lot for 15 cars at 17 Blinman Street. Restaurant seats 132 (bar: 18; lounge: 30; small dining room: 24; large dining room: 60). Upper floors include 2 apartments & 1 or 2 additional apartments (2200 SF).