For Sale
$350,000

364 School StPutnam, CT 06260

Turnkey Restaurant, Apartment, High ROI

Overview

Added:
Feb 3
Days on market:
61
This exceptional commercial property at 364 School St, Putnam, CT presents a unique investment opportunity. For 25 years, this mixed-use building has housed a thriving pizza restaurant on the ground floor and a residential apartment upstairs. The restaurant boasts a proven track record of success, demonstrating consistent year-over-year revenue growth of 8-10%. The current business model emphasizes takeout orders, minimizing operational costs associated with advertising, waitstaff, and delivery services. The property includes all real estate, fixtures, equipment, and inventory, offering a true turnkey operation. Potential buyers can seamlessly take over the established business, leveraging its existing customer base and profitability. Alternatively, the property can be utilized as a rental investment, generating income from both the commercial and residential units. The building features ample parking and a convenient drive-under garage door for efficient loading. The electrical service is a substantial 400 amps. The 0.17-acre lot is strategically located on Route 44, near Walmart and within a 6/10 mile radius of I-395 exit, ensuring high visibility and accessibility. A lease with an option to purchase or a closing at a later date is also negotiable, contingent upon a substantial deposit to cover the equipment value. This is a rare chance to acquire a well-established, profitable business with significant upside potential. The long-term owner, with 30 years in the business and 25 at this location, is ready for a new chapter.

Property Details for 364 School St

Property type
Investment properties
Year Built
1994
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Putnam
County
Windham
State
Connecticut
Latitude
41.92334
Longitude
-71.89895
364 School St, Putnam, Connecticut

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364 School St
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