Restaurant with Pizza
2802 Summer Street #4, Stamford, CT 06905
For Sale
$160,000
Kitchen equipment includes cold storage, a commercial mixer, and a range for food-service operations.
Property Size900 SF
Price / SF$177.78
Days on Market249
Property Features for 2802 Summer Street #4
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Equipment Included
Amenities
Central air
Hot Air Heating
Split System Cooling
Building Details
Year Built
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
IRENE SORIAL · License #REB.0794997
(203) 252-8653
Source:
Corcoran
Added: Mar 6
Changed: Nov 8
Last Checked: Nov 8 at 3:33PM
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 BHGRE Shore & Country
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot restaurant has been renovated with updated infrastructure designed to meet code requirements. The dining area accommodates 6–8 tables, and the kitchen includes a pizza oven sized for up to 25 pies, 3 freezers, a walk-in refrigerator, a commercial mixer, and a range. A full basement provides additional storage.
The property is on Summer Street in Stamford, among restaurants and shopping. Parking is available on site, and the surrounding area includes young professionals.
The property is on Summer Street in Stamford, among restaurants and shopping. Parking is available on site, and the surrounding area includes young professionals.
Key Highlights
- Pizza oven accommodates up to 25 pies
- Dining area fits 6–8 tables
- Kitchen includes 3 freezers and a walk‑in refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,113
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,260
$202.3K
Cap Rate 7%
$144,471
$144.5K
Cap Rate 9%
$112,367
$112.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$15.3K $17.04/SF
− Vacancy
−$889 −$0.99/SF
EGI
$14.4K $16.05/SF
− OpEx
−$4.3K −$4.82/SF
NOI
$10.1K $11.24/SF
Area
Stamford, CT
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,260
Cap Rate 7%
$144,471
Cap Rate 9%
$112,367
Alternative Uses
Best Use
Specialty Retail
$256.1K
$224.1K – $298.8K
NOI $17,929 @ 7.0% cap · market cap 11.21%
Second Best
Industrial
$144.5K
$126.4K – $168.6K
NOI $10,113 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$325.4K
$284.7K – $379.7K
NOI $22,779 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
166k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 25%
Dining 21%
Office Supplies 21%
Home Improvements & Furnishings 17%
Staples
Office Supplies
34,436 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
28,313 visits/mo
0.2 miles
Five Below
Shops & Services
17,217 visits/mo
0.3 miles
Shake Shack
Dining
11,626 visits/mo
0.2 miles
My Salon Suite
Beauty & Spa
10,041 visits/mo
0.2 miles
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Fairfield County, CT
Properties on Market for Conventional restaurants in Fairfield County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen equipment includes cold storage, a commercial mixer, and a range for food-service operations.
Where is this conventional restaurant located?
The property is located at 2802 Summer Street #4 Stamford, CT.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Pizza oven accommodates up to 25 pies; Dining area fits 6–8 tables; Kitchen includes 3 freezers and a walk‑in refrigerator
