1019 Norwich Road Active Save Request In-Person Tour Request Virtual Tour
Plainfield,CT 06374
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,333 sqft
Price per Sqft $355
MLS Listing ID 24112910
Year Built 1960
Annual Tax Amount $7,179
Lot Size 0.920 Acres
Property Description
Both the business and the building are for sale, either together or separately. The building is fully outfitted and has been functioning as a restaurant / bar since 1988, with the current configuration and renovation having been completed and in place since 2008. The building contains a fully outfitted kitchen with all the equipment needed and necessary to operate a restaurant / bar. The current business will lease-back on a long-term basis the building at a 6% cap rate. The building is 5,333 square feet and is for sale at $1,865,000 (which is $350 per square foot fully outfitted). The business is also for sale and has been in place since 2008 operating as a sport's bar and restaurant with a loyal customer base, with entertainment and a dance floor. Full kitchen with fire suppression, grills, deep fryers, walk-in coolers, etc. allows for high volume operation and catering. The business alone, with a long-term 15-year lease (with 3 5ive-year rollover options) is for sale at $495,000. Both the business and the real estate can be purchased together for $2,360,000.
Location
State CT
County Windham
Zoning CI
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric Available,Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Septic
Water Private Well