109 Black Rock TpkeRedding, CT 06896

  • Other commercial real estate
  • 3.73 AC
For Lease
$19/SF/YR View listing

Property Details for 109 Black Rock Tpke

Lot size
3.73 AC
Zone code
R-2
Property type
Other commercial real estate
APN
REDD M:31 L:95
APU
REDDM31L95

Description

The Spinning Wheel Restaurant, a Redding, CT landmark, presents a unique investment opportunity. This single-tenant property, situated on nearly four acres at 109 Black Rock Tpke, 06896, offers 10,665 square feet of versatile space. Currently operating as a highly successful restaurant and banquet hall, it's renowned for hosting weddings, corporate events, and other large gatherings. The expansive kitchen is designed for flexible service options, catering to dine-in, takeout, and catering needs. Beyond the main building, a large patio and beautifully landscaped grounds provide additional seating for over 128 guests, offering stunning views of the surrounding gardens and picturesque New England scenery. This established business enjoys a prime location in Redding, Connecticut, and benefits from its reputation as a premier destination for special events and fine dining. The property's size and amenities make it ideal for a variety of culinary ventures, allowing a new owner to build upon its existing success or adapt it to a new concept. This is a chance to acquire a piece of Redding's culinary history and establish a thriving business in a desirable location. The property's latitude and longitude coordinates are 41.299734, -73.345586.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $30,747,382
    Hospitality
    $28,164,436
    Educational
    $23,432,480
    Medical
    $24,238,360
    Retail
    $36,450,524
109 Black Rock Tpke, Redding, Connecticut

Location Insight

City
Redding
County
Fairfield
State
Connecticut
Latitude
41.2996
Longitude
-73.3459
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,830
$329,300
$748,000
$1,077,300
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-
-
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