Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Restaurant Business For Sale Title is generated by Realmo AI

    217 Boston Post Road, East Lyme, CT 06333

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $89,000

    Turn-key restaurant business opportunity in East Lyme, Connecticut.

    Added:
    May 30, 2025
    Days on Market:
    358
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 217 Boston Post Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    AMANDA CHAFFEE

    Listing agent AMANDA CHAFFEE

    Listing office KEY Real Estate Services LLC

    Listing date May 30, 2025

    Source Corcoran

    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 KEY Real Estate Services LLC

    HighLights

    • Turn‑key business opportunity.
    • Well‑established business.
    • Located on busy Boston Post Road in East Lyme.
    • Great outdoor seating space.
    • Includes 10 parking spaces.
    • Possibility to customize the business.

    Overview

    This well-established, turn-key restaurant business is available for purchase due to the owner's retirement. Situated in East Lyme on Boston Post Road, the business offers possibilities for new ownership. The property includes an outdoor space suitable for seating and 10 parking spaces. Note that this sale is for the business only; the building itself is not for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Post Road Market Take-out & Catering

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.2209
    Latitude
    41.3684

    Nearby Similar for Sale

    • $425,000
      2,664 SF

      Coastal Multifamily Property in Niantic

      Two-unit multifamily home near beaches, dining, and boating facilities.
      21 N Washington Avenue, East Lyme, CT 06357
      View Details
    • $499,900
      2,524 SF

      Updated Duplex in East Lyme

      Well-maintained 2-family home in desirable East Lyme neighborhood.
      26-28 Gurley Road, East Lyme, CT 06333
      View Details
    • $84,900
      2,000 SF

      East Lyme Restaurant Opportunity

      Established breakfast and lunch restaurant in high-traffic shoreline location.
      28 Pennsylvania Avenue, East Lyme, CT 06357
      View Details
    • Contact for pricing
      2,850 SF

      Industrial Property Near I-95 Ramp

      2,850 sqft commercial property with warehouse and office space.
      19 Colton Road, East Lyme, CT 06333
      View Details
    • Contact for pricing
      800 SF

      Route 1 Office Opportunity

      Office unit on Route 1 with high visibility.
      132 Boston Post Road Unit 4, East Lyme, CT 06333
      View Details
    • $78,995
      1,680 SF

      Turnkey Salon in East Lyme

      Established salon for sale in vibrant Niantic shoreline village.
      30 Pennsylvania Avenue, East Lyme, CT 06357
      View Details
    • $3,200,000

      East Lyme Multifamily Investment Opportunity

      36-unit apartment complex in East Lyme, Connecticut.
      130 Boston Post Rd, East Lyme, CT 06333
      View Details
    • $79,000

      Established Restaurant Business For Sale

      Turn-key restaurant business opportunity with outdoor seating in East Lyme.
      217 Boston Post Road, East Lyme, CT 06333
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant business opportunity in East Lyme, Connecticut.
    Where is this restaurant located?
    The property is located at 217 Boston Post Road East Lyme, CT.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Turn‑key business opportunity.; Well‑established business.; Located on busy Boston Post Road in East Lyme.
    We can help!
    Listing Contact
    AMANDA CHAFFEE
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    217 Boston Post Road, East Lyme, CT 06333
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!