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Exceptional opportunity to acquire a freestanding commercial building on Wakelee Road in Wolcott, Connecticut. Situated on 2. 00 acres within an industrial zone, this versatile property offers strong visibility, substantial frontage, and expansive on-site parking with approximately 100+ uncovered spaces. The one-story building, originally constructed in 1969, features a distinctive greenhouse-style front facade that creates an inviting architectural presence. Inside, the layout includes a full-service bar, spacious main dining area, a private event room, and a side porch designed for outdoor seating. The facility includes a high-volume commercial kitchen capable of accommodating large-scale food service operations. A standout feature of the property is the approximately 3, 000-square-foot outdoor pavilion, complete with a secondary kitchen setup, making it well-suited for weddings, live entertainment, seasonal dining, and large private gatherings. The 2-acre parcel allows flexibility for a range of commercial uses or potential redevelopment consistent with industrial zoning regulations. The building is serviced by public water, public sewer, natural gas with hot air heat, and central air conditioning. This offering presents strong potential for continued restaurant and banquet use, brewery or taproom concept, catering headquarters, or adaptive commercial redevelopment. Financials and additional operational details are available upon request and requires a NDA. This sale includes equipment, business, and the property. Please call listing agent for a tour.
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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 | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,129 | $1,129 | $1,129 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,376 | $5,756 | $7,972 |
| Total Monthly Payment | $6,630 | $7,010 | $9,226 |
* 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.