38-40 N Main St
Branford, CT 06405
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well-established Mexican Restaurant
- Extra parking behind restaurant or use for expansion
- On Route 1 with high visibility
PROPERTY FACTS
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built
1868
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
0.79 AC
Zoning
BL
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
165’ on N. Main St.
ABOUT 38-40 N MAIN ST , BRANFORD, CT 06405
Both: for sale @ $850,000. Assumable 15 year $300,000 mortgage @4%. #38-40 North Main St: 0.79 acre. Building #1: 1,962 SF, 2 Stories and is the “Jalapeno Heaven” Restaurant. Building #2: 754 SF, 1 Story, Cinderblock storage/maintenance. Building use: Restaurant / Clubs MDL96. Public Water & Sewer. Frontage: 166 Ft. on Route 1. Traffic Count: 16,900 on Route 1. At traffic-lighted intersection. Taxes: $9383. Financials furnished upon request. Business & Real Estate: $1,190,000. Also: Business at this location is for sale called “Jalapeno Heaven” @ $375,000. Includes favorable lease. Annual sales: $900,000. 70% Food; 30% liquor. Established in 1991. Seating: 38 in main area; 38 on patio; 24 on 2nd floor (event room with bar).
PROPERTY TAXES
| Parcel Number | BRAN-000007D-000014-000004 | Improvements Assessment | $97,900 |
| Land Assessment | $254,600 | Total Assessment | $352,500 |
