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255 S Main Street

East Windsor, CT 06088
  • $1,100,000
  • STATUS: Active
  • MLS #: 170473951
$1,100,000
  • 0
    BEDS
  • 7.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,300
    SQFT
  • $478
    $/SQFT
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Attention Investors and Entrepreneurs!! Turn key restaurant business with over 60 years of good will and satisfied customers. This landmark pizza restaurant comes with a beer and wine license, a 74 seat dining room and a private function room for additional income. Adding to this great investment opportunity is a 25 plot mobile home park with +/- 2 acres of additional undeveloped commercial land. Only 20 spaces are being used and they are below current land rent rates in the area. Current cap rate of this under utilized money maker is 5% but should be can be much higher. Possibilities are unlimited for development and with tens of thousands of cars passing by your front door daily opportunity is knocking! The earning potential of this property should not be underestimated! Property is priced on current use and there is value waiting for the savvy investor to capitalize on!

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-02T00:09:50.85.
www.nrgrealestate.com/homes/129352035
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255 S Main Street East Windsor, CT 06088

  • Price: $1,100,000
  • Status: Active
  • On Site: Days
  • MLS #: 170473951
0
Beds
0
Baths
0
½ Baths
7.3
Acres
2,300
SQFT
$478
$/SQFT
1960
Built
County:
Hartford
Area:
E Windsor
Property Description
Attention Investors and Entrepreneurs!! Turn key restaurant business with over 60 years of good will and satisfied customers. This landmark pizza restaurant comes with a beer and wine license, a 74 seat dining room and a private function room for additional income. Adding to this great investment opportunity is a 25 plot mobile home park with +/- 2 acres of additional undeveloped commercial land. Only 20 spaces are being used and they are below current land rent rates in the area. Current cap rate of this under utilized money maker is 5% but should be can be much higher. Possibilities are unlimited for development and with tens of thousands of cars passing by your front door daily opportunity is knocking! The earning potential of this property should not be underestimated! Property is priced on current use and there is value waiting for the savvy investor to capitalize on!
Exterior Features

Construction Description BrickConcrete Foundation Type None Lot Description Dry Parking Total Spaces 0 Road Frontage Description Paved Road Roof Information FlatRubber

Interior Features

Cooling System Central Air Heat Type Wall Unit

Property Features

Bank Owned Property Yn No Commercial Category Other Documents Available None Garage Parking Info Parking Lot Heat Fuel Type Propane Location Other Possession Availability Asap Potential Short Sale Yn No Present Use Pizza Business/Mobile Home Par Property Tax 20723 Sewage System Public Sewer Connected Sign Yn No Utilities Available ElectricPhone Available Water Source Public Water Connected Zoning Mixed Commercial/Residential

Listing information © 2022 Smart MLS
Listing provided courtesy of Jocelyn Maggi of Century 21 North East: .


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-02T00:09:50.85.
 
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