61 Cedar Street

Norwalk, CT 06851 Directions
$2,000,000
  • 1,932Sqft
  • 1973Built
  • $1,035Price/Sqft

Property Highlights

  • Days on Market: 6
  • MLS: 24159877

Property Highlights

  • Days on Market: 6
  • MLS: 24159877

61 Cedar Street, Norwalk presents a rare mixed use investment opportunity featuring a well known Colombian restaurant along with a fully occupied residential building on the same property. This is an ideal opportunity for investors or owner operators looking for a turnkey property with both business and rental income. The commercial space is approximately 2000 sq ft and home to one of the most recognized Colombian restaurants in the area. The restaurant has operated successfully for many years with a strong customer base and consistent business. The space offers dine in seating, a counter area for quick service, and a large basement used for storage...

Property Highlights

  • Days on Market: 6
  • MLS: 24159877

61 Cedar Street, Norwalk presents a rare mixed use investment opportunity featuring a well known Colombian restaurant along with a fully occupied residential building on the same property. This is an ideal opportunity for investors or owner operators looking for a turnkey property with both business and rental income. The commercial space is approximately 2000 sq ft and home to one of the most recognized Colombian restaurants in the area. The restaurant has operated successfully for many years with a strong customer base and consistent business. The space offers dine in seating, a counter area for quick service, and a large basement used for storage of inventory, supplies, and equipment. The restaurant can be purchased as a turnkey operation. Current employees and the manager are willing to stay, allowing a new owner to continue operations smoothly. The current owners are also willing to assist during the transition. The property also includes a legal two family residential building that is fully occupied with month to month tenants. The basement and first floor units are currently rented per bedroom, providing strong rental income. The property offers ample parking in both the front and rear of the buildings. Located just minutes from I 95 and about a minute from Norwalk's main street, the location provides excellent accessibility and visibility. A unique opportunity to acquire a mixed use property with a successful restaurant and strong residential income!

61 Cedar Street, Norwalk presents a rare mixed use investment opportunity featuring a well known Colombian restaurant along with a fully occupied residential building on the same property. This is an ideal opportunity for investors or owner operators looking for a turnkey property with both business and rental income. The commercial space is approximately 2000 sq ft and home to one of the most recognized Colombian restaurants in the area. The restaurant has operated successfully for many years with a strong customer base and consistent business. The space offers dine in seating, a counter area for quick service, and a large basement used for storage of inventory, supplies, and equipment. The restaurant can be purchased as a turnkey operation. Current employees and the manager are willing to stay, allowing a new owner to continue operations smoothly. The current owners are also willing to assist during the transition. The property also includes a legal two family residential building that is fully occupied with month to month tenants. The basement and first floor units are currently rented per bedroom, providing strong rental income. The property offers ample parking in both the front and rear of the buildings. Located just minutes from I 95 and about a minute from Norwalk's main street, the location provides excellent accessibility and visibility. A unique opportunity to acquire a mixed use property with a successful restaurant and strong residential income!

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  • Additional Information
    • Area Type: Retail Corridor, Other
    • Average Days On Market: 2
    • Business Name: La Sorpresa Restaurant
    • Days On Market: 6
    • Gross Expenses: 586098
    • Gross Income: 1607013
    • Is Occupied?: Owner
    • Living Area SqFt: 1,932
    • Present Use: Restaurant
    • Road Frontage Description: Paved Road
    • Sewer: Public Sewer Connected
    • Type: Business For Sale
    • Utilities Available: Gas
    • Year Built: 1973
  • Interior/Exterior Features
    • Heat: Other
    • Living SqFt Source: Public Records
    • Roof: Flat

Listing Courtesy of Jithu Sajeevan of Serhant Connecticut, Llc.

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