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78 Main Street, Essex (Centerbrook), CT, 06409 | $200,000

VERY MOTIVATED SELLER! Located in the heart of Centerbrook, near to the Connecticut River, and about a half-mile from the Essex Steam Train & Riverboat, we introduce this ideal opportunity to take over this beautiful establishment. This ideal, turnkey opportunity offers a convenient solution for individuals, business owners or investors looking to enter the hospitality industry without the extensive time, effort and resources required to startup a business from scratch. It comes with existing licenses and permits required for operation. This will save a new owner significant time and effort in obtaining regulatory approval. The interior offers seating for 100. The dining area is furnished with tables, chairs, lighting fixtures and decorative elements. 4502 square feet with full working basement which includes washer/dryer onsite. Front of house 2115 square feet, kitchen, storage and office 1174 square feet. Storage area above kitchen 200 square feet. Greenhouse 800 square feet. Basement with half bath 1013 sq feet. 2 Pro kitchens. Connected to city water. Kitchen equipment all in place and ready for a new owner. Bar equipment all new. 13' x 12' walk in refrigerator, 12' x 7' walk in freezer. 2500 gallon septic (newer) and 2500 grease tank (newer). HVAC and generator also new. The kitchen is equipped with all necessary appliances, such as stoves, ovens, smoker, grills, walk-in cooler and freezer, dishwashers, food preparation stations. Central air has been added to the kitchen for a comfortable work environment. Greenhouse offers 800 square feet of space that can be used for a farm to table concept, or potential to offer outside seating.

Features

  • Town: Essex
  • Current Use: Restaurant
  • Permitted Use: Restaurant
  • Utilities: Electric,Gas,Telephone,Fire Suppression System
  • Garage: None,Parking Lot
  • Parking: 41-car
  • Heating: Hot Air
  • Cooling: Central Air
  • Zoning: commercial MDL-94
  • Frontage: State Road
  • Year Built: 1890
  • Approx Sq. Feet: 4,502
  • Acreage: 2.26
  • MLS#: 170623619
  • Days on Market: 86 days
  • Website: https://www.raveis.com
    /raveis/170623619/78mainstreet_essex_ct?source=qrflyer
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William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Linda O'Hara - Linda's TeamLuxury Properties Specialist

860.209.7044

Linda.OHara@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Jorge L RiveraVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 12303

203.913.1633

Jorge.Rivera@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Diane PadelliInsurance Sales Director, William Raveis Insurance

203.444.0494

Diane.Padelli@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

78 Main Street, Essex (Centerbrook), CT, 06409

$200,000

Linda O'Hara - Linda's Team

Luxury Properties Specialist

William Raveis Real Estate

Phone: 860.209.7044

Linda.OHara@Raveis.com

Jorge L Rivera

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.913.1633

Jorge.Rivera@Raveis.com

NMLS Mortgage Loan Originator ID 12303

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
 15 Year
Fixed-Rate Conforming
Loan Amount $160,000 $160,000 $160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,091 $1,063 $1,349
Total Monthly Payment $1,166 $1,138 $1,424

* 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.

Equal Housing Lender

William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524