Bar Tavern Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30527769
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 7,552 SF
Gross Building Area: See Agent
Sale Price: $255,000
Unit Price: $33.77 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/12/2021

Overview / Comments

Huge Electric Boat presence. EB Expansion plans of headquarters to area adding 10-15k new people to area. A tremendous Owner/Operator Opportunity. 3,776 SF on 1st floor and same basement size on 0.19 acres. Consistent reported sales of $300k+ with Absentee Owner-the last 3 of 12 established years. Currently 90% liquor and 10% food sales. Fully equipped kitchen with much potential to increase food sales. 2 bars - 1 front and 1 rear. 112 seats with 55 in direct bar area. Deeded rights for additional parking in rear. HVAC & furnace -10 yrs old. Roof - 20 yrs old. Central Air. Oil / warm air. Available upon request: appraisal, financials, list of assets and deed for additional parking, copies of utility bills, insurance bills, etc. Lease with option.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 168807674661
Zoning: FCD
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Visibility: Good
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,438 57,935 85,560
Median Age: 32.14 34.04 37.38
Households: 4,385 22,900 33,347


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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