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Restaurant with Patio Dining
For Sale
Contact for pricing
Pending

33 Kings Hwy, Groton, CT 06340

Updated facility includes multiple dining areas, a bar, and established outdoor seating options.

Property Size2,900 SF
Days on Market143

Property Features for 33 Kings Hwy

General Information

Standard status Pending
Size 2,900 SF
Property subtype Retail, Hospitality

Additional Details

Business Included Yes
Patio Yes

Building Details

Buildings 1
Listing Agency: Lyman Real Estate Brokerage & Development
Listed By: Ron Lyman · License #CT REB.0417795
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 31 at 11:07AM

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 Lyman Real Estate Brokerage & Development

Investment Insights

Based on property information with market context.

The offering includes the restaurant business and its real estate at 33 Kings Hwy in Groton, Connecticut. The updated 2900 SF building has two dining areas with seating for 101 guests, along with a 24-seat bar.

Outdoor service is supported by two patio areas: one provides year-round seating for 24, while the seasonal patio accommodates 18. The restaurant serves Italian cuisine and has operated as a family-owned business for more than 25 years.

Key Highlights

  • Updated 2900 SF restaurant building
  • Two dining areas with 101 seats
  • 24‑seat bar included

Property Analytics

Current Use

Olio Restaurant & Bar Restaurant

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Parking Lot & Garage HVAC Service Nail Salon

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby
304k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 28% Superstores 27% Groceries 14% Apparel 14%
Walmart Superstores
81,055 visits/mo 0.3 miles
Stop & Shop Groceries
43,235 visits/mo 0.2 miles
Kohl's Apparel
41,265 visits/mo 0.3 miles
Taco Bell Dining
20,934 visits/mo 0.3 miles
Panera Bread Dining
13,020 visits/mo 0.3 miles

Demographics for 06340, CT

29,788
Population
14,441
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
22.5 sq mi
ZIP Area
1,324
Density / Sq Mi
$77,768
Median Household Income
$45,308
Median Earnings
$1,492
Median Rent
$275,500
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Updated facility includes multiple dining areas, a bar, and established outdoor seating options.
Where is this conventional restaurant located?
The property is located at 33 Kings Hwy Groton, CT.
What are key features of this property?
This property features: Updated 2900 SF restaurant building; Two dining areas with 101 seats; 24‑seat bar included
(860) 887-5000 Call to check price and availability
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