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Mixed-Use Restaurant and Apartment
For Lease
$350,000

167-169 Slater Ave, Griswold, CT 06351

Main level offers a spacious former restaurant with bar and seating, plus restrooms, with a fully updated apartment above.

Space SizeContact for details
Days on Market73

Property Features for 167-169 Slater Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $6,716
Listing Agency: Kazantzis Real Estate, LLC
Listed By: Androula Kazantzis · License #REB.0791040
Source: Exprealty
Added: Jun 25 Changed: Sep 4 Last Checked: Sep 4 at 1:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kazantzis Real Estate, LLC

Investment Insights

Based on property information with market context.

This mixed-use building includes a spacious former restaurant space on the main level with a large custom bar, open floor plan, customer seating area, and restrooms. The kitchen equipment has been removed, creating flexibility for a new concept or for conversion to another approved commercial use.

A second, updated apartment occupies the upper level, supporting rental income and additional occupancy options.

The property is presented for for-rent with the combination of commercial space below and residential space above designed to support multiple income or operating strategies, subject to any required local approvals for the next business use.

Key Highlights

  • Mixed‑use building with a former restaurant space on the main level and a fully updated apartment on the second floor
  • Main level includes a large custom bar, open floor plan, customer seating area, and restrooms
  • Kitchen equipment has been removed on the main level, allowing the next owner to customize for their own business or other approved commercial use

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Law Firm Hair Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

297
Businesses Nearby

Demographics for 06351, CT

15,609
Population
6,864
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
297
Density / Sq Mi
$84,107
Median Household Income
$46,649
Median Earnings
$1,115
Median Rent
$276,200
Median Home Value

Market

Lease Benchmarks for Griswold, CT

$14.07 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
6,765 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main level offers a spacious former restaurant with bar and seating, plus restrooms, with a fully updated apartment above.
Where is this mixed-use property located?
The property is located at 167-169 Slater Ave Griswold, CT.
What is the lease rate?
The lease rate is $350,000.
What are key features of this property?
This property features: Mixed‑use building with a former restaurant space on the main level and a fully updated apartment on the second floor; Main level includes a large custom bar, open floor plan, customer seating area, and restrooms; Kitchen equipment has been removed on the main level, allowing the next owner to customize for their own business or other approved commercial use
More about this property
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