108-110 Poquonnock Rd - Freestanding FOR SALE


Groton, CT 06340
$379,000 USD
860-280-8610
108-110 Poquonnock Rd, Groton, CT for Sale
$379,000 USD
Freestanding - FOR SALE
1/24
null | Request Cap Rate

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108-110 Poquonnock Rd
Groton, CT 06340


OVERVIEW

This is a Restaurant Opportunity to Live and Work on your property of 2455 sf. You can also lease out the Apartment and Restaurant for Passive Income. Additionally, it is a perfect scenario to offer living options to retain a chef or staff. The location is quaint on a side street but close enough to walk to a Dunkin Donuts location. There is bustling activity in the area and the restaurant has devoted customers that frequently dine-in and order takeout. This style cuisine is popular, but you can also change the menu to fit your needs. Currently it is BYOB with a wood bar set up to serve high volume non alcoholic beverages. Minor changes would be conducive to attaining a Liquor License or Beer/Wine Permit to increase sales volume. There has been superfluous renovations and attention to details in cleanliness and efficiency. The kitchen is well designed with a Hood and Ansul system; shiny clean commercial equipment. There is a pantry and prep area, comfortable booth seating/table seating as well as bar seating with high/low tables. Front windows let in the light. The basement is organized 780sf and accessible from kitchen or double hatchway. Customers can park on the street and in the back lot. Upstairs apartment has 2 bedrooms, 1 bathroom and multiple areas to enjoy the kitchenette and living room. There is a stackable washer/dryer & Commercial Refrigerator in addition to the household refrigerator. The restaurant has been in operation 1 year but was a Thai Restaurant prior to the current owners. The family lives and works daily with easy or no travel to their jobs. One member works in front and helps to prep, the others alternate cooking and prep. No Lease Available. - No Seller Financing. Income Taxes are not complete, we are selling the Building with Business Assets. If you choose to keep the name, your can repurpose the sign.

FOR SALE DETAILS

PRICE

$379,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

GC

APN/PARCEL ID

GROT-001688-000758-004005

ASK ABOUT THIS PROPERTY

Jennifer SwerdlickJennifer SwerdlickMore Info
860-280-8610

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Jennifer SwerdlickJennifer SwerdlickMore Info
860-280-8610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.