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Investment Highlights

  • Turnkey Restaurant - Fully equipped Kitchen
  • Spacious Dining area
  • Minutes from Backus Hospital
  • Established restaurant location
  • Basement storage available
  • Convenient access to I-395

Executive Summary

Exceptional mixed-use investment opportunity featuring a well-established, turnkey restaurant business on the first floor and a spacious residential unit above. The restaurant comes fully operational with an established clientele and includes all restaurant equipment, and fixtures in the sale, making this a seamless opportunity for an owner-operator or investor. The second-floor apartment offers 3 generously sized bedrooms, 1 full bathroom, and abundant living space. The finished attic provides additional versatile space complete with another full bathroom, ideal for extended living, office space, or storage. This property also features a full basement providing ample additional storage space. This unique property offers excellent income potential and a rare opportunity to own both a thriving business and residential space in one package. Conveniently located near major highways, hospitals, and other local businesses. ALSO AVAILABLE FOR LEASE RESTAURANT AND SECOND FLOOR APARTMENT.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $552,153 $68.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $552,153 $68.00
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $552,153
Annual Per SF $68.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $552,153
Annual Per SF $68.00
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,120 SF
Building Class
C
Year Built/Renovated
1938/2019
Price
$635,000
Price Per SF
$78.20
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
8’
Building FAR
0.47
Lot Size
0.40 AC
Zoning
NC
Parking
5 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
94’ on Lafayette

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Canggio Restaurant
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Canggio Restaurant Accommodation and Food Services - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Guilford Savings Bank
Planet Fitness
Stop & Shop
CrossFit

Property Taxes

Property Taxes

Parcel Number
NORW-000084-000001-000060
Land Assessment
$35,100
Improvements Assessment
$170,500
Total Assessment
$205,600
  • Listing ID: 41449641

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 20-22 Lafayette St, Norwich, CT 06360

Contact the Sale Advisor

20-22 Lafayette St

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