$3,250,000
Riverside, CT 06878
MLS# 119569
Status: Closed
1138 sqft
1 / 10
Property Description
Introducing a once-in-a-lifetime opportunity! Nestled in the heart of Riverside, CT, seconds away from the Riverside Train Station, Ada's is the only retail commercial property south of the Post Rd. With a storied past dating back to 1900, this restored landmark building is a cherished gathering place for locals & visitors alike. Its walkable location benefits neighborhood patrons, while those needing the convenience of a quick car ride can find ample onsite & free street parking. Included in the offering are the rights to the 73-year-old tradename ''Ada's'', and a pre-existing, generational customer base. Also included is the fully built-out commercial kitchen. The sale encompasses Ada's & the adjacent 3,100 SF multi-family home with 2 residential apartments on a ½ acre lot.
Details
Maps
Location & Property Info
Type: Mixed Use
Sold Price: $3,000,000
List Price/SqFt: 2855.89
Zoning: R-12
Street #: 112-114
Street Name: Riverside
Street Suffix: Avenue
State: CT
Zip Code: 06878
County: Fairfield
Owner Financing: No
Section: Riverside
Property ID: 05-1565/S
Area: 1 - Riverside
Sale: Yes
Lease: No
Office/Contract Info
Co-op Broker Fee: 2.5%
Status: Closed
List Date: 2023-12-08
General Property Info
Building Name: Ada's
Present Zoning: Non-Conforming
Year Built: 1900
Year Renovations: 2016
Acres +/-: 0.5
# Buildings: 2
SqFt +/-: 1138
Parking Desc: Common Lot
Tax & Misc Info
Assessment: 1470000
Mill Rate: 11.639
Taxes: 17109
Status Change Info
Under Contract Date: 2024-03-08
Sold Date: 2024-03-12
Sold Price: $3,000,000
SP/ASMT: 2.04
Sold Price/SqFt: 2636.2
Miscellaneous Info
# Parking: 9
Heat System
Heat System Age: Under 10 Years
Property Features
Building Type: Retail Building; See Remarks
Present Use: Mixed; Retail
Documents: Brochure; Improvements List; Plot Plan
Cooling System: Central A/C
Heat System: Forced Air
Heat Fuel: Gas
Water Source: Public
Sanitation Source: Town Sewer
Gas Source: Public Utility
Electric: Tenant Pays
Lease Type: See Remarks
Exterior: Wood Frame
Roof: Architectural Shngle
Floor: Combination
Improvements: Driveway; Security System; Under Ground Util
Included: Building; Equipment
Listing Office: Sotheby's International Realty
Last Updated: March - 12 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information. You should verify any information that is important to your buying decision. Greenwich Multiple Listing Service, Inc.