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Coventry, CT - Restaurant, Retail

1384 Main Street - Coventry, CT

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Description

This location is ideal for a wide variety of retail, restaurant and other commercial uses.  It is currently a turn-key grill/creamery featuring a stylish dining area and equipped kitchen.  It is perfect for continued use as-is or repositioned restaurant, tavern or converted into professional offices, or other commercial uses demanding a highly visible location.

  • Freestanding Building
  • Completely renovated in 2013
  • Spacious 3,596 SF patio with lighted gazebo
  • Finished 2nd level office or break room, balcony & storage
  • Lighted parking for 50 cars
  • GLA 8,258 SF
  • 3.2 AC
  • 4 miles to UCONN campus
  • Excellent visibility and access
  • Approved for car wash location

The equipment will be offered to the purchaser for the additional investment of $15,000 - An equipment list is available for review.

Why Buy This Property

This pristine building was fully remodeled in 2013 as a functional restaurant.  At the same time, it is a great location for many commercial and professional uses.

Property Location

Auction / Date / Time

Sealed Bid Auction
June 13, 2019 3:00 P.M. EDT

Property Video

Offering Strategy

MINIMUM BID $335,000! - This property will be sold subject to the Terms of Sale. This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and a cashier's check or wire-tranferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details. Contracts and earnest money are due on or before 3:00 p.m. EDT on June 13th.

Inspection Dates

The property is available for inspection between 10:00 AM - 12:00 PM on May 9, 13, 20 and June 3.  Registration and government-issued identification required at each property viewing.

Please do not contact the Seller or enter the property at other times without permission.

Auction Location

Sealed Bid Auction- Bids are to be delivered to Michael A. Fine, CCIM c/o Fine & Company LLC, 747 Lake Cook Road, Suite 100W, Deerfield, IL 60015 for due on or before 2:00 p.m. EDT on June 13th. For bidding requirements see the Terms of Sale and the Purchase and Sale Contract included in the Bidder's Information Packet.

Details

Certified Funds To Bid : $15,000

Buyer's Premium (Buyer's Fee) : 8% of the high bid

Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes: auction and property information, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.



Bidder's Information Packets are available in PDF format for $10.00. To order your Packet or call us at 312.278.0600 ext. 101 or email us at info@fineandcompany.com

Contact Us

  Fine and Company LLC
  Jennifer Swerdlick
  860-282-8733
  swerdlick@sbcglobal.net

Additional Information

Brochure---Coventry

Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% -$375 referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Licensing : Michael A. Fine licensed CT Real Estate Broker #REB.0755028

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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