Former Restaurant w/ Drive-Thru For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30507984
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,241 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $365,000
Unit Price: $162.87 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

Former restaurant with drive-thru located on highly visible Route 12 in Norwich. 2,241 sf one story building on 0.69 acres with 150’+/- road frontage. Built 1972, good condition. Parking for 35. Town Water/Sewer/Natural gas. 13,200 Daily average traffic count. Zone GC General Commercial . For Sale $365,000. Also for lease.

PERMITTED USES: Restaurant, Assembly halls, Banks, Clinic & Medical Office, Retail, Educational institutions, Data Center, Fitness Center, Veterinary Hospital…

BY SPECIAL PERMIT: Animal Day Care, Funeral Home, Child Day Care Center, Motor Vehicle Repair Facility…

DIRECTIONS: I-395 Exit 11. Go east on Route 82 toward downtown. At end, turn right on Chelsea Harbor Dr., then 1st right on Water St. Take left on Viaduct Rd (aka Route 12) and go about 2.1 miles on right.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 34 16 5
Zoning: GC GENERAL COMMERCIAL
Retail Clientele: General, Family
Property Visibility: Excellent
Feet of Frontage: 150
Traffic/Vehicle Count: 13,200
Highway Access: I-395 5+/- miles
Airports: Groton / New London 17.2 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1972
Construction/Siding: Wood Frame
Total Parking Spaces: 35
Parking Description: Parking lot
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: GC General Commercial
Lot Frontage: 150
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,052 37,217 59,838
Median Age: 33.9 37.79 39.44
Households: 2,309 15,165 24,122

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