Active
364 School St Road
Putnam CT, 06260
$350,000
$169.57 per sqft
Active
2,064 sqft
Commercial
Built in 1960
Turnkey restaurant; real estate, fixtures/equipment & inventory for sale. For 25 years this has been a mixed use commercial & residential property; a successful pizza shop with an apartment upstairs. Start up & take over a turnkey going concern that pays the bills while working from home, or rent both units as an investor, or possibly change use. Plenty of parking & drive under garage door for loading. 400 Amp service. Present business model is mostly take-out, word of mouth with zero expense on advertising, wait staff or delivery staff. Year over year revenue has kept up; 8-10% increase each year over the prior year. Same owner in business 30 years, 25 at this location. Lease with option or closing at a future date also possible, but the deposit would have to be large enough to cover the approx. $100K worth of equipment, since unlike real estate, equipment can "disappear". Less cash down is needed for a lender financed purchase. Located on RT 44 near Walmart, 6/10 mile from I-395 exit 47, 25 minutes from 1 College St Worcester, 47 minutes to Providence.
24060017
MLSⓇ ID
November 17, 2024
Listed
November 17, 2024
Updated
Map
364 School St Road
Putnam CT, 06260
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Oil, Baseboard
Exterior/Building Features
Lot Size
0.17 Acres
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Garage
Yes
Garage Spaces
1
Parking
Off Street, Parking Lot, Attached
Parking Total
14
View
No
County
Windham
Water Source
Public
Pool
No
Zoning
Commercial
Listed by Dennis Duga with Northeast Realty
Listing Contact: 8604286000
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Data last updated on 11/17/2024 at 9:57 PM UTC