Business and Real Estate for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30589737
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,605 SF
Gross Land Area: 0.22 Acres
Sale Price: $319,000
Unit Price: $69.27 PSF
Property Use Type: Business
Usable Size (USF): 4,605 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

4,605 SF Total 2,840 SF Restaurant on 0.22 Acres New Build-out- Covid closure. 56 seats-includes 8 seat bar Previous
Beer/Wine Liquor License. • Apt Rentals: 3 Tenant-2nd floor 1765sf Apt Income: $31,200/year Gross. Zone NB, Mixed Use
Commercial Recent build-out/renovation & upgraded 3 meter electric, heating, plumbing. City Water & Sewer. Brick 1st floor,
Wood 2nd. I&E upon request. Call for list of assets included in sale of building and property. Rental income!!!!.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 0509400
Retail Clientele: General, Family, Recreation
Number of Stories: 2
Year Built: 1890
Construction/Siding: Brick/Vinyl Siding
Heat Type: Oil
Heat Source: Other
Air Conditioning: Engineered System
Zoning Description: NB
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,805 30,539 82,962
Median Age: 43.91 34.51 36.22
Households: 1,142 10,075 31,144


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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