Former Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30023534
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.88 Acres
Sale Price: $499,900
Unit Price: $99.98 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,000 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/21/2017

Overview / Comments

Popular "Rena's Pizza & Restaurant" has closed and owner has retired after 30 years. Completely turnkey, this 5000 SF building was totally renovated in 2012. Multiple seating areas with bar and seating for 90. All equipment included. Large parking lot area with three entrances. Located at the junction of busy Route 2 and 2A. Sited on 1.90 acres, potential to expand. Also potential for other uses, including convenience store, fast food.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Retail Clientele: General, Family, Business, Tourist, Recreation, Casino
Largest Nearby Street: Route 2
Feet of Frontage: 470
Traffic/Vehicle Count: 8,700
Highway Access: I-395
Site Description: On the same road as the casinos.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Renovated: 2012
Construction/Siding: Brick
Exterior Description: Brick building
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: 2 paved lots
Heat Type: Oil
Heat Source: Baseboard
Air Conditioning: Package Unit
Zoning Description: R-60
Lot Frontage: 470
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,412 28,376 60,332
Median Age: 46.47 38.26 38.93
Households: 604 11,388 23,491
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