20 Lafayette Street,Norwich, CT 06360
Norwich, CT 06360
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!!
Details
| MLS # | 24198847 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 79 |
| Listing Provided By | Eagle Eye Realty PLLC | Monica Barzola |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,476 |
| Units | 2 |
| Zoning | NC |
| Acreage | 0.40 |
Interior
| Total Rooms | 0 |
|---|---|
| Cooling System | Window Unit |
Exterior
| Roof Information | Asphalt Shingle |
|---|
Utilities
| Utilities Available | Gas |
|---|---|
| Sewage System | Public Sewer Connected |
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 7021 |
Area Information
| State | CT |
|---|---|
| County | New London |
| City | Norwich |
| Zip Code | 06360 |
| Area | N | A |
| Listing VS Median (in 06360) | |
Price: $595,000 low | high Med: $252,500 sqft: 3,476 low | high Med: 1,349 $ / sqft: $171 low | high Med: $191 On site: 79 low | high Med: 26 | |
Market Activity 06360
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Learn More About This Property
| State | CT |
|---|---|
| County | New London |
| City | Norwich |
| Zip Code | 06360 |
| Area | N | A |
| Listing VS Median (in 06360) | |
Price: $595,000 low | high Med: $252,500 sqft: 3,476 low | high Med: 1,349 $ / sqft: $171 low | high Med: $191 On site: 79 low | high Med: 26 | |
