285 Boston Post RdOrange, CT 06477

Property Details for 285 Boston Post Rd

Year built

1997

Construction

FRAME

Lot size

0.83 AC

Property size (Sq ft)

5,308 SF

Zone code

LSC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

ORAN M:22 B:3 L:6C

APU

ORANM22B3L6C

Description

This exceptional, fully operational restaurant presents a lucrative investment opportunity in Orange, Connecticut. Situated on the highly visible Boston Post Road (Route 1), this 5,308 square foot property enjoys a daily traffic count of 14,300 vehicles (AADT 2021), guaranteeing significant customer exposure. Built in 1997 and extensively renovated in 2016, the property boasts a modern and inviting interior, featuring comfortable seating for 100 in the bar area and 114 in the dining room, along with a patio accommodating 48 guests. The expansive, fully equipped kitchen is designed for high-volume service, and the property also includes a full 5,308 square foot basement, offering ample storage and operational space. Modern bathrooms and an attractive open floor plan enhance the overall dining experience. The property benefits from a robust 1,000 AMP electrical system and a gas-fired HVAC and central AC system. With its prime location in a well-established restaurant area, this property offers significant potential for continued success, including the possibility of adding a drive-through service to capitalize on the growing demand for convenience. The 0.83-acre lot provides ample space for future expansion or outdoor amenities. This turnkey operation is ready for a new owner to step in and continue its legacy of success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,290,029

  6.5%

  $1,190,796

  7%

  $1,105,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,747,729

  Geo Method

  $1,747,729

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,481

  Hospitality

  $920,099

  Educational

  $765,512

  Medical

  $791,839

  Retail

  $1,190,796

Location Insight

City

Orange

County

New Haven

State

Connecticut

Latitude

41.267

Longitude

-73.0021

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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