Outstanding commercial opportunity. This property features direct highway visibility and access, located at the base of I-91 entrance ramp with upwards of 125,000 cars/day. The property is currently used as a full-service breakfast, lunch and dinner restaurant with a full liquor license, in business for over 30 years. The current configuration includes a banquet room and seating for over 200 with ample parking; all equipment is included in the sale. This property also offers the opportunity for conversion to another commercial use, located in a desirable BA Zone and suitable for many businesses to utilize the existing footprint or the site is ideal for redevelopment.
Frontage:
Interstate Highway,State Road
Garage:
Paved, Off Street Parking, Parking Lot
Utilities
Electric,Gas Available,Phone Available,Cable Available
Lot Description:
Corner Lot,Level Lot
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Kosta Eliopoulos, Colonial Properties Inc Email: kosta755@gmail.com
420 Middletown Avenue, New Haven, CT, 06513
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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