Located at a major downtown intersection, the Campo's Furniture buildings are prime real estate for an anchor business at the corner of Bank Street and Truman Street. The only problem is they've been in need of a buyer for about three and a half years now.
Some pieces of furniture remain in the display windows, and the signs advertising the business remain on the facade. Smaller signs declare that the store is closed, and that anyone interested in the property should get in touch with the Londregan Commercial Real Estate Group.
Leto Campo established the business in 1936 in Norwich and later moved it to New London. It remained a family business carried on by Campo's son Dick and grandson David. This 1999 advertisement said the business prided itself on its "personal touch" and customer service, and even made note of Dick Campo's talent with "big band" music. Incidentally, Campo's big band group that "recently reformed" in 1999 is still around today. In 2008, after 72 years in business, the family decided to close up shop.
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The Londregan Commercial Real Estate Group is asking for $385,000 for the entire store, a reduction of $200,000 from the initial price. It advertises the property as being very visible in a high traffic area and commercial zoning district, with 10,000 square feet of finished space. In addition, the structure is in good condition, going through its last renovation in 2005.
The company says each of the three buildings can also be sold individually, although it does not list the prices for separate properties. The building at 663 Bank Street contains the main showroom, office, and storage space. The structure at 697 Bank Street has shop and office space, while the one at 25 Truman Street has office and retail space with a showroom.
Do you think the buildings should be sold separately, or do you think they need to be kept together? What would you like to see move into this former family business? Let us know in the comments.