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Huntington StreetNew London, CT 06320MLS Number 170224948

  • Price: $99,000The price has recently decreased
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Est. Mortgage: $/month

Federal 30-year interest rate: 2.8% last updated on 2020-10-22

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Listed by Geri Jacobson of Lyman Real Estate
Active
Huntington New London CT 06320
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  • $99,000List Price
  • 0.75Acreage
  • 3,350Square Feet
  • 1900Year Built
Possible seller financing for seasoned buyer. Incredible location, busy, well known, casual dining & brick-oven pizza with Italian flair and comfort food. 20' ceilings all open room with bar & brick-oven focal point. Strong consistent sales with gross lease of (includ nnn) at 4.8% of annl sales of $809,000-lease through with 2.5% increases and term through 2037! Well done conceptually from menu and open ceiling/floor plan from dining area w/ hi-tops to bar and brick-oven. Part of a 33,021 sf building, ground floor with patio frontage on busy street. Confidential, please do not walk in and call Agent for showing. Lease and financials on file.

Driving Directions

Market Realty, LLC

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

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More Info

Basic Information

  • Broker NameLyman Real Estate
  • List Price$99,000
  • MLS Number170224948
  • Property TypeBusiness For Sale
  • StatusACT
  • TownNew London
  • Gross annual income$809,000
  • Also for leaseNo
  • MLS StatusActive

Interior

  • Interior featuresFire Suppression System
  • Seating capcity90

Utilities

  • Heat SystemBaseboard, Hot Air
  • Heating FuelNatural Gas
  • Utilities availableElectric, Gas, Telephone, Cable, Fire Suppression System
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Tax YearJuly 2019-June 2020

Building

  • FoundationConcrete
  • RoofFlat, Tar/Gravel
  • Year Built1900
  • Building ConstructionMasonry
  • AtticNo
  • Garage Spaces
  • Ceiling height20
  • Garage Parking InfoUnassigned, On Street Parking, Off Street Parking
  • Square Feet3,350
  • Stories3
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Other

  • Documents AvailableBrochure
  • Lease purchaseNo
  • Purchase optionNo
  • Lease years remaining18
  • Landlord requirmentsCredit Check, Security Deposit, Lease Required
  • Landlord responability
    • Capital Improvements
    • Common Area Maintenance
    • Exterior Maintenance
    • Grounds Maintenance
    • Insurance
    • Janitorial Service
    • Maintenance/Repairs
    • Mechanicals
    • Property Management
    • Real Estate Taxes
    • Roof Maintenance
    • Snow Removal
    • Structural Maintenace
  • Inventory includedNo
  • Space is leasedYes
  • Present useRestaurant/Bar
  • Potential useSame
  • Equipment includedBuyer walk-through and thereafter List of Assets to be provided within 4 days.
  • View Count38

Basic Information

  • Agent IDJACOBSOG,

Location

  • CountyNew London
  • LocationDowntown, Historic Area
  • StateCT
  • Zip06320

Property

  • Acreage0.75
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered16
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business nameCasual Dining/Bar/Brick Oven
  • Employees number of15
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo
  • Land included w businessBusiness Only (No Real Estate)

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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