Renovated Conventional
For Sale
$160,000
Summer Street, Stamford, CT 06905
Business For Sale, Stamford, CT
Property Size900 SF
Price / SF$177.78
Days on Market239
Property Features for Summer Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
GPS Summer Street
Subdivision
Mid City
Standard status
Active
Size
900 SF
Additional Details
Business Included
Yes
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Irene Sorial · License #REB.0794997
(203) 252-8653
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 30 at 3:06AM
MLS# 24157727
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 900-square-foot conventional restaurant was built in 1965 and has undergone a full renovation with updated, code-compliant infrastructure. The layout accommodates 6–8 tables and includes a pizza oven sized for up to 25 pies, three freezers, a walk-in refrigerator, commercial mixer, and range. A full basement provides additional storage.
The property is located on Summer Street in Stamford’s Ridgeway area, with restaurants and shopping in the surrounding area. Public water and public sewer serve the property, and cable is available.
The property is located on Summer Street in Stamford’s Ridgeway area, with restaurants and shopping in the surrounding area. Public water and public sewer serve the property, and cable is available.
Key Highlights
- 900 SF restaurant with full renovation and code‑compliant infrastructure
- Dining layout accommodates 6–8 tables
- Pizza oven capacity for up to 25 pies
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant space with commercial kitchen equipment, dining capacity, and basement storage.
Where is this conventional restaurant located?
The property is located at Summer Street 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: 900 SF restaurant with full renovation and code‑compliant infrastructure; Dining layout accommodates 6–8 tables; Pizza oven capacity for up to 25 pies
