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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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