Norwich (Franklin Square), CT, 06360 | $5,200

Rent is 5, 200 per month plus real property taxes and utilities. This restaurant available for lease at 76-78 Franklin Street in Norwich, CT. It was most recently operated by "These Guys Brewery" equipped and functioning as a Restaurant/Brewery. The space is historic. It opened in the 1860s as Andrew Wilson's Saloon. It is documented as the oldest continuously operating Bar in CT. During Prohibition it was a Speakeasy serving the rich and famous of Norwich. In more recent years, it was a music venue with major rock stars performing, drinking and eating at the bar. A partial list includes Stevie Ray Vaughn, Matt Guitar Murphy of the Blues Brothers, members of Lynyrd Skynyrd, Allman Brothers, and Blue Oyster Cult as well as country rock and jazz musicians, Neil Young, Dave Van Ronk and New Riders of the Purple Sage. And, the bar itself was featured in "Everybody Wins" starring Nick Nolte and Debra Winger. It is a great place for another Bar/Restaurant or Brewery with 2468sf of main floor restaurant/bar space, a 60-seat upper bar area, a 1, 170sf service production space, a party room with 900sf space and direct access to the side parking lot and a summer 60-seat patio space. There is also a 12-seat sidewalk space with full liquor license. Licensed capacity is 170+/- patrons. There is also an unfinished 1, 978sf basement working space with a lot of storage, and a 2nd level office space with storage area. Parking is among the best in downtown Norwich with 2 City-owned street lots adjacent to the property and two parking garages within one block of the restaurant. A bus line serving the entire City and areas South and North of the City passes by the front door. The restaurant is equipped with 3-Phase power, new wiring, compressed air infrastructure and other capabilities required by a large craft brewery. Equipment in place includes: a 14' hood, Ansul System with 2 walk-in coolers (8'x6' & 12'x6'), a 6-burner gas stove, fryolator and all mechanicals in place. The neighborhood is up and coming, located next to Foundry 66, a co-working space incubator with 26 start-ups at work, the Chestnut Street Playhouse, the Norwich Arts Center, Donald L Oat Theater & Auditorium and City Hall.

Features

  • Town: Norwich
  • Current Use: Restaurant
  • Permitted Use: Restaurant
  • Utilities: Electric,Gas,Cable Available
  • Heating: Gas on Gas,Heat Pump,Hot Water
  • Cooling: Heat Pump
  • Units: 2
  • Zoning: CC
  • Frontage: Municipal Street
  • Year Built: 1865
  • Approx Sq. Feet: 5,648
  • Acreage: 0.9
  • Lot Desc: Dry,Level Lot
  • Lease Term Type: Per Month
  • MLS#: 24129968
  • Website: https://www.raveis.com
    /prop/24129968/_norwich_ct?source=qrflyer
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Listing courtesy of Compass Connecticut, LLC   Phone: (860) 887-1122

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Norwich (Franklin Square), CT, 06360

$5,200

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $4,160 $4,160 $4,160
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.280% 5.541%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $24 $25 $33
Total Monthly Payment $99 $100 $108

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.