8 Main StRedding, CT 06896

  • Other commercial real estate
  • 5,817 SF
For Lease
$298.32/SF/YR View listing

Property Details for 8 Main St

Year built
1900
Construction
FRAME
Lot size
0.66 AC
Property size (Sq ft)
5,817 SF
Zone code
BC
Property type
Other commercial real estate
Property subtype
Showrooms
APN
REDD M:46 L:60
APU
REDDM46L60

Description

This exceptional 1,800-square-foot restaurant space at 8 Main Street, Unit B, is available for lease starting March 1, 2025. The property boasts a fully renovated interior, perfect for immediate occupancy. A significant feature is the large commercial kitchen, equipped with a hood system, Ansul fire suppression system, walk-in cooler and freezer, and a grease trap. The space also includes an 80-gallon propane-fired water heater, ensuring efficient and reliable hot water supply. Climate control is handled by high-efficiency Mitsubishi mini-split heating and air conditioning units, providing optimal comfort year-round. The layout is designed for maximum efficiency and guest comfort, featuring two ADA-compliant bathrooms and multiple egress doors, allowing for seating capacity exceeding 60 guests. An outdoor seating area adds to the appeal, expanding the dining options. Large storefront windows flood the interior with natural light, creating a welcoming atmosphere. Conveniently located across the street is a municipal parking lot, ensuring ample parking for patrons. The base rent is $4,475 per month, plus common area maintenance (CAM) charges, with multi-year lease options available. Utilities are separately metered. This turnkey opportunity presents a rare chance to establish or relocate a restaurant in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,413,734
    6.5%
    $1,304,985
    7%
    $1,211,772
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,915,324
    Geo Method
    $1,915,324
  • Alternative Use

    Use
    Valuation
    Residential
    $1,100,804
    Hospitality
    $1,008,330
    Educational
    $838,919
    Medical
    $867,771
    Retail
    $1,304,985
8 Main St, Redding, Connecticut

Location Insight

City
Redding
County
Fairfield
State
Connecticut
Latitude
41.2572
Longitude
-73.427
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
$18,599
$240,900
$430,800
$671,700
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-
-
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