Once an entertainment mecca for vaudeville performances, this landmark theatre is a contributing resource to the historic Downtown New London National Register District, close to train and ferry lines. The elaborate Façade has a graceful, expansive arched opening at the ground floor; above it, Palladian inspired windows are framed by giant pilasters and an applied entablature. The interior, though in need of Restoration, retains distinctive details such as proscenium surround, ceiling moldings, and box seats. Vacant since 1974, the theatre was reroofed in 2010. With 11,000 square feet on both basement and ground levels and a 3,500 square foot mezzanine, it has the potential for reuse as a theatre venue or new adaptive uses. Project may be Eligible for both federal and state historic Rehabilitation Tax Credits, with a premium on state credits as the property in located in an Opportunity Zone.
Contact: Connie Howard at US Properties, 860-437-0101; chowardusp@gmail.com
https://www.loopnet.com/Listing/35-41-Bank-St-New-London-CT/33354431/