Former Restaurant/Bar For Sale within 7 miles of UConn Storrs Campus

Retail-Commercial for Sale
Catylist Listing ID: 30443683
Property Subtypes: Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,000 SF
Gross Land Area: 2.89 Acres
Sale Price: $750,000
Unit Price: $83.33 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 9,000 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

REDUCED! This property is on 2.89 level acres and includes a 9,000sf former restaurant/bar building and a 1,944sf two family house. The commercial property was built 1989 includes parking for about 200. Both properties have a septic and well. Commercial property uses propane fuel for heat. Assed value is $531,700. This property is now $750,000. Owner/Agent. Also 3,000sf – 9,000sf available For Lease. Only 7 miles to Univ. of CT Storrs Campus.

PERMITTED USES: Retail, Restaurant, Food + beverage stores for sale of groceries – not including sale of liquor, Banking, Personal service, Fitness/Dance facilities, Professional Office, Day Care Center…

BY SPECIAL PERMIT: Outdoor cafes in association with a restaurant, Liquor stores, Walk-In Clinics and Medical Laboratories, Veterinary Clinic…

Additional Details

Nearest MSA: Worcester
County: Windham
Taxing Authority: Ashford
Zoning: C - GENERAL COMMERCIAL
Retail Clientele: General, Family, Business, Recreation, Other
Property Visibility: Fair
Feet of Frontage: 600
Traffic/Vehicle Count: 6,500
Highway Access: I-84 East Exit 69. Take Route 74 East (aka Tolland Tpk & Nott Hwy) about 7 miles. On right. I-84 West Exit 72. Turn left onto Route 89 south about 8 miles. Turn right onto Route 44, then right onto Route 74 (aka Nott Hwy). On left.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 9,000 SF
Property Condition: Good
Year Built: 1989
Total Parking Spaces: 200
Parking Type: Surface
Parking Description: Parking lot
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Zone C - General Commercial
Lot Frontage: 600
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 882 3,406 26,095
Median Age: 39.68 43.27 30.42
Households: 361 1,377 5,838

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