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RARE opportunity to acquire a long-standing well-known restaurant property in the heart of Torrington Ct - one of Litchfield County's fastest evolving micropolitan markets. Positioned along a major commercial corridor with excellent visibility, easy access Right off of Route 8 and Route 4 and valuable on site parking. A true competitive advantage in Torrington's downtown district. The property encompasses approximately 3630 sqft and sits on a . 64 acre parcel, offering substantial frontage, strong traffic exposure, room for parking, patio use and operational flexibility. The site benefits from an outdoor patio space with large canopy, expanding seating capacity and creating opportunity for seasonal dining, events or branded outdoor concepts. A standout feature is a full basement with two entry ways. The basement includes a bathroom, office, bakery room and storage areas that offers exceptional flexibility for storage, prep, or staff facilities allowing the main level to be fully optimized for guests experience and revenue-generating use. The property also features a concrete ramp for entrance and a seating room area upon entry. The structure features reinforced concrete construction, and has been seen ongoing capital improvements. The restaurant gears 3 POS systems, jukeboxes, 2 desert displays and large counter. Multiple acquisition strategies: Continue a successful operation, introduce a new food concept, or open a new franchise concept.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $1,582 | $1,582 | $1,582 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,993 | $10,837 | $14,852 |
| Total Monthly Payment | $11,700 | $12,544 | $16,559 |
* 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.