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    139 Riverside Dr Thompson, CT 06277

    Sponsored
    For Sale
    $899,900

    Turnkey Catering Business & Apartment

    Property size:
    2,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a thriving, established catering business and residential income property in Thompson, Connecticut. This mixed-use property, located at 139 Riverside Drive, boasts 2,560 square feet across two stories, built in 1929 and zoned R20. The first floor houses a fully equipped, turnkey commercial kitchen, office space, client meeting area, ample storage, and a convenient loading dock. All commercial kitchen equipment, delivery vehicles, catering supplies, website, Facebook page (with over 4,000 followers), and Google business profiles are included in the sale. The second floor features a well-maintained and updated residential apartment, generating additional income. The property also includes a paved parking lot with capacity for over 20 vehicles, a heated in-ground pool, and a cabana, offering potential for personal use or additional rental income. This nearly six-decade-old catering business enjoys an impeccable reputation, built on 20 years of consistently excellent reviews and serving a diverse clientele including weddings, corporate events, and private functions. Current owners and staff are willing to assist with a smooth transition to ensure continued success. The asking price is $899,900, representing a unique opportunity to own a profitable and established business with significant growth potential. The property is currently 100% occupied.

    Property Features for 139 Riverside Dr

    General Information

    Property type
    Residential income homes
    Square Feet
    2,560 SF

    Building Details

    Year Built
    1929
    Stories
    2
    Units
    2

    HighLights

    • $899,900 asking price for a mixed‑use property in Thompson, CT.
    • 2,560 square foot building with two units: a commercial catering business and a residential apartment.
    • 100% occupancy.
    • Built in 1929, two stories, R20 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    G 7 Caterers Caterer

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Thompson
    County
    Windham
    State
    Connecticut
    Longitude
    -71.893405
    Latitude
    41.9411144

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    FAQs

    What type of property is this?
    Residential income home - Turnkey Catering Business & Apartment
    Where is this residential income home located?
    The property is located at 139 Riverside Dr Thompson, CT.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: $899,900 asking price for a mixed-use property in Thompson, CT.; 2,560 square foot building with two units: a commercial catering business and a residential apartment.; 100% occupancy.
    Request Owner's contact information
    139 Riverside Dr Thompson, CT 06277
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    Thompson, CT 06277
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    Realmo Value Estimation

    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.

    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.

    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
    139 Riverside Dr Thompson, CT 06277
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