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Restaurant Property with Historic Character
New
For Sale
$599,000

18 Neumann, Naugatuck, CT 06770

Formerly operated as a bar and restaurant for more than 30 years, the property has public water and sewer and natural gas service.

Property Size1,870 SF
Lot Size0.35 Acres
Price / SF$103.87
Days on Market2
Rey
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Property Features for 18 Neumann

General Information

Standard status Active
Size 1,870 SF
Lot size 0.35 Acres
Property subtype Commercial
Lease Term Listing ID: 24210527, Standard Status: Active, MLS Status: Active

Additional Details

Utilities to Site Yes

Building Details

Building Size 1,870 SF
Year Built 1870
Construction frame and masonry
Listing Agency: Century 21 AllPoints Realty
Listed By: Erin Mancino · License #RES.0757916
Source: Iverty
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 14 at 10:38PM

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 Century 21 AllPoints Realty

Investment Insights

Based on property information with market context.

Built in 1870, this restaurant property contains approximately 5,767 square feet on a level 0.35-acre parcel. Frame and masonry construction rests on a brick and stone foundation, with wood and ceramic tile flooring. The building previously housed the Milestone Inn bar and restaurant for more than 30 years.

Public water and sewer, natural gas, electric service, and paved off-street parking are present. A gravel circular parking area and gazebo at the rear are excluded from the sale.

Key Highlights

  • Approximately 5,767 square feet on a level 0.35‑acre parcel
  • Former bar and restaurant operated at the property for more than 30 years
  • Built in 1870; frame and masonry construction with a brick and stone foundation

Property Analytics

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Current Use

Don Raphael Brazilian/Portuguese ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Pharmacy

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

197
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Groceries 29% Dining 16% Apparel 2%
Stop & Shop Groceries
24,997 visits/mo 0.2 miles
Ocean State Job Lot Shops & Services
17,247 visits/mo 0.2 miles
McDonald's Dining
13,906 visits/mo 0.3 miles
Dollar Tree Shops & Services
9,244 visits/mo 0.2 miles
Dollar General Shops & Services
7,219 visits/mo 0.4 miles

Demographics for 06770, CT

31,634
Population
13,156
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
91%
High-School Grad
16.4 sq mi
ZIP Area
1,929
Density / Sq Mi
$92,047
Median Household Income
$47,615
Median Earnings
$1,309
Median Rent
$241,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Formerly operated as a bar and restaurant for more than 30 years, the property has public water and sewer and natural gas service.
Where is this conventional restaurant located?
The property is located at 18 Neumann Naugatuck, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 5,767 square feet on a level 0.35‑acre parcel; Former bar and restaurant operated at the property for more than 30 years; Built in 1870; frame and masonry construction with a brick and stone foundation
More about this property
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