364 School St, Putnam, CT 06260 (MLS # 73339856)

Price $350,000
Status Active
Beds 2
Baths 2 Baths
Home size 3,400 sqft
Lot Size 7,406 sqft
Formerly a single-family home, for 25 years this mixed use property on RT 44 close to an I-395 exit has operated commercially on the first floor & an apartment on the 2nd. The sale includes fixtures/equipment & inventory for a successful pizza restaurant. Step in & take over a turnkey going concern that pays all the bills while working from home if you wish, or rent both units as an investor, or possibly change use. Plenty of parking & drive under garage door for loading. 400 Amp service, central air. Present business model is mostly take-out, word of mouth w/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 approximate value of the equipment. Located on RT 44 near Walmart, 6/10 mile from I-395, 24 minutes to Worcester.
Property Type(s): Single Family

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Listing provided by Dennis Duga, Northeast Realty
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