Investment Opportunity Restaurant and Apartments

Retail-Commercial for Sale
Catylist Listing ID: 30620006
Property Subtypes: Mixed Use, Restaurant
Building Size (RSF): 4,723 SF
Gross Land Area: 0.27 Acres
Sale Price: $1,350,000
Unit Price: $285.84 PSF
Property Use Type: Investment
Usable Size (USF): 4,723 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 4/12/2021

Overview / Comments

An investment offering of a prominent property in downtown Chester. On the first floor is the well known restaurant "Grano Arso", voted the Best New Connecticut Restaurant in 2019. Two charming apartments on the second floor. The building has been updated throughout and well maintained by the owner. Private parking lot on property for restaurant guests and apartment tenants. Minimum of 24 hours for all showings.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Middlesex
Tax ID/APN: 14/332
Zoning: C
Property Visibility: Excellent
Heat Type: Oil
Air Conditioning: Engineered System
Zoning Description: C
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,432 5,885 21,218
Median Age: 44.34 45.44 47.08
Households: 1,054 2,516 8,906


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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