19 Halls Road, Old Lyme, CT, 06371 | $695,000

This well-established restaurant offers a unique and captivating dining experience, situated amidst the picturesque beauty of expansive marsh views. Nestled in the heart of a charming shoreline town, where the Connecticut River meets Long Island Sound, the location adds a distinctive charm to the culinary venture. The surrounding area is a vibrant region with art galleries, shopping opportunities, and a lively beach community, drawing in additional patrons during the summer months. With a rich history spanning over 33 years, this restaurant has become a culinary favorite in the community. Boasting a spacious interior, it provides a variety of seating options. The large first-floor dining room immerses patrons in the natural beauty of marsh views. Ascending to the second floor, a dining loft space continues to offer breathtaking panoramic views of the marsh. Adding to its versatility, the restaurant features two private dining rooms. These private spaces offer a spacious setting for special gatherings, community events, and celebrations. The bar area is a focal point of socializing, with a full circular bar complemented by additional table seating. The business is being offered as a turn-key operation including furnishings, tables, chairs, barstools, glassware, stemware, dishes, plates, beverages and liquor. In addition, the sale includes the computer systems ensuring a seamless transition. A rare opportunity for an entrepreneur to step into an established business.

Features

  • Current Use: Restaurant and Bar
  • Utilities: Electric,Telephone,Cable
  • Heating: Other
  • Cooling: Central Air
  • Frontage: Municipal Street
  • Approx Sq. Feet: 5,455
  • MLS#: 24019567
  • Days on Market: 111 days
  • Website: https://www.raveis.com
    /prop/24019567/19hallsroad_oldlyme_ct?source=qrflyer
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Listing courtesy of William Pitt Sotheby's Int'l

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NMLS Mortgage Loan Originator ID 81725

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19 Halls Road, Old Lyme, CT, 06371

$695,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $556,000 $556,000 $556,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.125% 5.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.490% 6.273% 5.278%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,514 $3,378 $4,397
Total Monthly Payment $3,606 $3,470 $4,489

* 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.