Putnam, CT 06260,364 School St Road
Putnam, CT 06260,364 School St Road
Putnam, CT 06260,364 School St Road
Putnam, CT 06260,364 School St Road
Putnam, CT 06260,364 School St Road
Putnam, CT 06260,364 School St Road
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$ 350,000
Est. payment | /mo

2,064 SqFt


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$ 350,000
Est. payment | /mo
Save

2,064 SqFt

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

Listed by Dennis Duga • Northeast Realty
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364 School St Road