Full Service Connecticut Commercial Real Estate 860.854.6500
Information Contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties are subject to change or withdrawal without notice.

 

FOR SALE

$975,000

400 Sargent Avenue
New Haven, CT 06511

Building Size: 5,700 SF

Type: Restaurant  

 

BUSINESS ONLY FOR SALE! The Greek Olive is a well established diner that is located on the ground level of the La Quinta Hotel in New Haven, CT and generates $2 million/ year. The Diner has a dining room, bar lounge and then a function room. The dining room holds 125 people, the bar lounge holds 50 people and the function room holds 85 people. The function room is booked every weekend the income generated just in that room alone covers the rent. The Greek Olive has been in business for 13 years. You can access the diner from the parking lot, as well as, the lobby of the hotel. There are 150 parking spaces. The space is fully sprinkler system. There is 1 large walk in freezer, 1 large walk in refrigerator and a walk in dry storage area. Upon request we will provide the full equipment list. The lease started in 2002 and started with a 5 year term. The lease stipulates 3 more 5 year terms. Please do not visit the site without an appointment. Lisa will arrange a meeting with the owner.

Located in a high traffic area off Interstate 95, see sign from the highway. Easy On and Easy Off. Located in the lobby of the La Quinta Hotel, near Ikea, Jordan’s Furniture New Haven (just opened the largest ropes course in the world).

 

 

860.854.6500 info@regionscommercial.com

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