336 W Main St - Restaurant FOR SALE


Norwich, CT 06360- Northeast New London/Norwich
$1,395,000 USD
860-887-6865
336 W Main St, Norwich, CT for Sale
$1,395,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate


HIGHLIGHTS

  • Landmark Restaurant in business for 39years.
  • Great opportunity for redevelopment.

OVERVIEW

***Business Value Included in list price*** Landmark restaurant created by connecting 2 houses in 1983. Owner retiring. Land is suitable for office or retail development with 400 feet of frontage on the main 4 lane street of the city of Norwich, 200 hundred feet deep on west end next to traffic signal and 118 feet on east. Daily traffic is approximately 18,000 per day. In a good area that is experiencing renewed growth. New 100+ unit apartment development finished 1/2 mile from this site. Suitable for continued use as restaurant with additional buildings possible or do a complete tear-down and rebuild. Harbor Freight, Dollar General, Concentra Health Center, CVS, Walgreens, and additional retail stores are all located directly across the street. Potential for mixed-use with commercial first floor and residential units above.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Olde Tymes Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

GC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rodney GreenOld TymesMore Info
860-887-6865

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Rodney GreenOld TymesMore Info
860-887-6865

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