tomo logo

$625,000

Beds
2
Baths
3.0
sq ft
2,916

201 N Main St, Stonington, CT 06378

201 N Main St

Stonington, CT 06378

  • 200 days on market
TURN KEY RESTAUARANT OPPORTUNITY WITH LIVING QUARTERS ABOVE THE RESTAURANT! Rare opportunity to own and re-open a well established, family run 68 seat full service restaurant (real estate included) located just steps outside of Stonington Borough. All equipment, furniture and fixtures are included. An owner/operator can run the restaurant and live upstairs offering the ability to quickly gain equity and control your own rent! Plenty of off street parking, this restaurant has a great local following! An investor can gain steady business income if desired. The second floor apartment offers 2 bedrooms, a nice open kitchen/dining/living room space with ample storage available on the finished 3rd floor. Take advantage of the growing culinary destination of Mystic/Stonington! Walk to the boatyard, shopping, library, paddle tennis, community center and highly successful and popular Velvet Mill. Quiet and attractive courtyard in back.

Details

Property type

Single Family Residence

Est. home value

$717,383

Lot size

0.32 acres

Price per sq ft

$215

Year built

1901

Annual property taxes

$5,157

Price History

04/19/2024
SmartMLS

SmartMLS #170395200

Removed
$799,000
+27.84%
04/19/2024
SmartMLS

SmartMLS #24011034

Listed
$625,000
-21.78%
05/12/2021
SmartMLS

SmartMLS #170395200

Listed
$799,000

Schools & Community

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Stonington

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Chelseagroton Svgs Bank

Loan start date

July 2009

Original loan amount

$210,000

Est. remaining balance

Not provided

Interest rate

4.82%

Loan type

Commercial, 20 year

Seller

Thomas J Tsagarakis and Lynn C Tsagarakis

Lender

Chelseagroton Svgs Bank

Loan start date

July 2009

Original loan amount

$210,000

Est. remaining balance

Not provided

Interest rate

4.82%

Loan type

Commercial, 20 year

Seller

Thomas J Tsagarakis and Lynn C Tsagarakis

Lender

Chelseagroton Svgs Bk

Loan start date

February 2004

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

5.81%

Loan type

Commercial

Seller

Thomas Tsagarakis and Lynn Tsagarakis

Lender

Chelseagroton Svgs Bk

Loan start date

February 2004

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

5.81%

Loan type

Commercial

Seller

Thomas Tsagarakis and Lynn Tsagarakis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 6:05 PM

Listing updated: 08/16/2024 at 5:07 AM

Listed by: Thomas Switz, Switz Real Estate Associates Phone #: (860) 884-6003

MLS: SmartMLS #24011034

SmartMLS logo

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