364 School St Road Active Save Request In-Person Tour Request Virtual Tour
Putnam,CT 06260
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $169
MLS Listing ID 24060017
Year Built 1960
Lot Size 7,405 Sqft
Property Description
Turnkey restaurant; real estate, fixtures/equipment & inventory for sale. For 25 years this has been a mixed use commercial & residential property; a successful pizza shop with an apartment upstairs. Start up & take over a turnkey going concern that pays the bills while working from home, or rent both units as an investor, or possibly change use. Plenty of parking & drive under garage door for loading. 400 Amp service. Present business model is mostly take-out, word of mouth with zero expense on advertising, wait staff or delivery staff. Year over year revenue has kept up; 8-10% increase each year over the prior year. Same owner in business 30 years, 25 at this location. Lease with option or closing at a future date also possible, but the deposit would have to be large enough to cover the approx. $100K worth of equipment, since unlike real estate, equipment can "disappear". Less cash down is needed for a lender financed purchase. Located on RT 44 near Walmart, 6/10 mile from I-395 exit 47, 25 minutes from 1 College St Worcester, 47 minutes to Providence.
Location
State CT
County Windham
Zoning Commercial
Interior
Interior Features Living Space Available,Loading - Grade
Heating Baseboard
Cooling Window Unit
Equipment All fixtures and equipment turnkey except Polar soda cooler
Exterior
Exterior Feature Doors - 10-15 ft
Garage Attached Garage,Parking Lot,Off Street Parking
Garage Spaces 1.0
Utilities Available Electric,Telephone,Cable Available
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected