20 Lafayette St, Norwich, CT 06360

$595,000
4
BA
3,476
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$595,000
Status
ACTIVE
MLS#
24198847
Price Change
▼ $40,000 1790371393
Year Built
1938
Bathrooms
4
Acres
0.40
Living Area
3,476

Property Description

Excellent Mixed-Use Opportunity - Turnkey Restaurant, Residential Apartment & Option to Purchase! Great opportunity for an entrepreneur or investor! This mixed-use property features a turnkey restaurant on the first floor, ready for a new operator to bring their vision to life. The restaurant comes fully operational with an established clientele and includes all restaurant equipment, furniture, and fixtures in the sale, making this a seamless opportunity for an owner-operator or investor The second floor offers a spacious 3-bedroom, 1-bathroom apartment, plus additional finished attic space with a full bathroom, providing extra flexibility. This property also features a full basement providing ample additional storage space. This unique property offers excellent income potential and a rare opportunity to own both a thriving business and residential space in one package Conveniently located near shopping, amenities, and other local businesses, in an area offering excellent potential for a new or growing business. The property is available as a lease with an option to purchase, offering a unique opportunity for those looking to operate their business while working toward ownership. Flexible rental options are also available: the restaurant/commercial space and the second-floor residential apartment may be rented separately. A great opportunity to live, work, invest, and potentially own-all in one property! Schedule your Showing today!!

Additional Information

Taxes
$7,021
Lot Size
17,424
Heating
Baseboard, Radiator(s)
Cooling System Type
Window/Wall
Water Source
Public

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Monica Barzola from Eagle Eye Realty PLLC. (860) 810-6748 (860) 263-9102