1019 Norwich RdPlainfield, CT 06374

Property Details for 1019 Norwich Rd

Year built

1960

Construction

FRAME

Lot size

0.92 AC

Property size (Sq ft)

4,914 SF

Zone code

CI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PLAI M:010 B:004A L:0002

APU

PLAIM010B004AL0002

Description

This exceptional opportunity presents a thriving, established sports bar complete with the underlying real estate at 1019 Norwich Road, Plainfield, CT. The property boasts a generous 4,914 square feet situated on a 0.92-acre lot, offering ample space for both the business and ample parking for patrons. The fully equipped commercial kitchen is a key asset, featuring a fire suppression system, grill, oven, fryers, and a walk-in cooler. Extensive prep and workspace ensures efficient operations, complemented by substantial storage capacity to support high-volume service. The bar itself is spacious, and includes an entertainment stage, catering to a diverse clientele. The location is highly advantageous, situated in a high-traffic area ensuring consistent customer flow and easy accessibility. This turnkey operation comes with an existing loyal customer base, making it an attractive investment for experienced operators seeking a profitable, established business. The asking price for this exceptional property and business is $520,000. This is a rare chance to acquire a fully operational, successful business with the added benefit of owning the real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,194,274

  6.5%

  $1,102,406

  7%

  $1,023,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,617,999

  Geo Method

  $1,617,999

• Alternative Use

  Use

  Valuation

  Residential

  $929,921

  Hospitality

  $851,803

  Educational

  $708,690

  Medical

  $733,063

  Retail

  $1,102,406

Location Insight

City

Plainfield

County

Windham

State

Connecticut

Latitude

41.6553

Longitude

-71.9302

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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