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    OFF-MARKET
    Showrooms

    1019 Norwich Rd, Plainfield, CT 06374-1927

    4,914 SF 0.92 ac lot Built 1960
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US15-0519232
    Property summary
    AI-generated overview

    This exceptional opportunity presents a thriving, established sports bar complete with the underlying real estate at 1019 Norwich Road, Plainfield, CT. The property boasts a generous 4,914 square feet situated on a 0.92-acre lot, offering ample space for both the business and ample parking for patrons. The fully equipped commercial kitchen is a key asset, featuring a fire suppression system, grill, oven, fryers, and a walk-in cooler. Extensive prep and workspace ensures efficient operations, complemented by substantial storage capacity to support high-volume service. The bar itself is spacious, and includes an entertainment stage, catering to a diverse clientele. The location is highly advantageous, situated in a high-traffic area ensuring consistent customer flow and easy accessibility. This turnkey operation comes with an existing loyal customer base, making it an attractive investment for experienced operators seeking a profitable, established business. The asking price for this exceptional property and business is $520,000. This is a rare chance to acquire a fully operational, successful business with the added benefit of owning the real estate.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1960
    Construction FRAME
    Total area 4,914 SF
    Lot 0.92 ac (40,075 SF)
    Zoning code CI
    APN PLAI M:010 B:004A L:0002
    UPID US15-0519232
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Happy Jack's Sports Bar Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Catheize LLC · 16 yrs held
    Catheize LLC
    since 2010
    5 recorded transactions
    2010
    $1
    2009
    $1
    2008
    $451,000
    2006
    2002
    Zoning & alternative use
    CI · Plainfield, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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