This Property is for Sale 549,000 you can Just lease for 3900 a month NNN with $75,000 for the business. Taxes on the property for the year are $12480 and $1040 per month added to the lease. The purchase of the restaurant is necessary unless there are acceptable negotiations to transform the location to a store or non restaurant entity. This restaurant has supported two families for 50 years. Previous to the 50 years, it was the same Italian restaurant concept with a different family. Even before that time, it was a famous saloon. Keep a part of history alive while enjoying a lucrative income stream. You will be delighted by the decor and the goodwill of over 100 years. All equipment is working and kept meticulously clean. The restaurant operates on short hours and there is considerable growth opportunities for someone who wants to generate more sales. The area of downtown is a potential opportunity zone. The back of the lot exits to a public parking lot where there is revitalization projects. Eventually Torrington will complete additional phases in the Riverfront Redvelopment and extend pathways for pedestrians. Torrington is known for city life in a country setting. The Town supports new business ventures. The basement has 2438 SF and is equipped with a walkin and plenty of storage.
Pleae Note: The building is 3,505 +/- square feet (SF) of Gross Building Area (GBA). This
is different from the 4,268 +/- SF of gross area listed on the Torrington Tax Assessor’s field card. There is an unfinished storage room of 768 SF that is shown to be finished therefore, the taxes could be lowered.
