Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    697 Foxon Rd East Haven, CT 06513

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Established diner with loyal following, ready for new owner.

    Property Features for 697 Foxon Rd

    General Information

    Property type
    Other
    Standard status
    Active

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Dina Svenningsen
    Source: Elliman

    Listing Agency: Advise Realty Services Listing Agent: Dina Svenningsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turn-Key Diner For Sale

    This is an opportunity to own a high-visibility diner. The established operation has a professional, seasoned staff willing to stay on, offering a transition for a new owner. The diner features an established menu of classic breakfast and lunch options that have built a strong brand and loyal following. A strong lease with favorable terms is in place. All equipment is included and well-maintained. The property is a ready-to-operate business with growth potential.
    Location Intelligence

    Current Use by Public Records

    ROUTE 80 CAFE Restaurant Thompson Plaza Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.85793
    Latitude
    41.321943

    Nearby Similar for Sale

    • New
      $250,000
      1,150 SF

      East Haven Office Space For Sale

      Office space in East Haven, leased until May 2026.
      64 Thompson St, East Haven, CT 06513
      View Details
    • $649,900
      5,312 SF

      High-Visibility Multi-Tenant Asset

      Prime commercial real estate with exceptional ROI potential.
      274 Hemingway Ave, East Haven, CT 06512
      View Details
    • $3,800,000

      East Haven Strip Mall For Sale

      29,841 sq ft strip mall in East Haven, CT.
      208 Main St, East Haven, CT 06512
      View Details
    • $225,000
      2,250 SF

      Turn-Key Diner For Sale

      Established diner with high visibility and growth potential.
      697 Foxon Rd, East Haven, CT 06513
      View Details
    • $3,800,000

      East Haven Strip Mall For Sale

      29,841 sq ft strip mall 100% leased.
      208 Main St, East Haven, CT 06512
      View Details
    • $475,000

      East Haven Specialty Property

      Specialty property available for sale in East Haven, Connecticut.
      51 1St Ave, East Haven, CT 06512
      View Details
    • $1,650,000
      Pending

      East Haven Commercial Corner Property

      Commercial building on Main Street, East Haven, suitable for gas/auto.
      356 Main Street Anx, East Haven, CT 06512
      View Details
    • $625,000
      7,380 SF

      Warehouse Convertible to Self-Storage

      7,380 SF warehouse, easily accessible, convertible to self-storage.
      5 Old Bradley St, East Haven, CT 06512
      View Details
    • Contact for pricing
      11,240 SF

      Retail Building with Drive-Thru

      11,240 SF retail building with drive-thru on 1.28 acres.
      10 Hemingway Ave, East Haven, CT 06512
      View Details
    • Contact for pricing
      11,110 SF

      East Haven Retail Opportunity

      11,110 SF retail building on 1.37 acres.
      588 Main St, East Haven, CT 06514
      View Details
    • $229,900

      East Haven Condo with Updates

      Updated condo with granite kitchen, spacious rooms, and convenient location.
      55 Thompson St, East Haven, CT 06513
      View Details
    • $3,800,000
      29,841 SF

      East Haven Strip Mall For Sale

      29,841 sq ft strip mall in East Haven, CT.
      208 Main Street Anx, East Haven, CT 06512
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Established diner with loyal following, ready for new owner.
    Where is this breakfast & diner located?
    The property is located at 697 Foxon Rd East Haven, CT.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Turn-key diner ready for immediate operation; - Established business with a loyal customer base; - Professional and seasoned staff willing to stay
    (203) 395-0116
    Request Owner's contact information
    697 Foxon Rd East Haven, CT 06513
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    697 Foxon Rd
    East Haven, CT 06513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    697 Foxon Rd East Haven, CT 06513
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dina Svenningsen
    (203) 395-0116 (203) 996-1506
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!