Listed by Tower Realty Corporation
$6,750,000
292 Candlewood Lake Rd & 5 Kellogg St
Details
Property Type Retail
Sub Type Street Retail
Square Footage 8,063
Units 1
Occupancy 50%
Tenancy Single
Lease Type Modified
Year Built 1952
Acreage 2.490
A rare and truly one-of-a-kind investment opportunity to acquire Down the Hatch (Lake Shore Lounge)
Marketing description
A rare and truly one-of-a-kind investment opportunity to acquire Down the Hatch (Lake Shore Lounge), the only full-service restaurant located directly on Candlewood Lake in Brookfield, Connecticut. This iconic free standing waterfront destination features direct lake access, private boat docks, and licensed outdoor deck dining, creating an irreplaceable hospitality asset with strong historical performance and significant upside potential. This property contains 4 additional cottages for additional rental income, as well as 1 storage/ repair shop.
Candlewood Lake is the largest lake in CT spanning 8.4 square miles touching 5 different towns. There are roughly 1,600 water front homes on the lake with over 6,000 resident vessels during the peak season.
Investment highlights
- Only restaurant on Candlewood Lake with direct water access and boat docks
- Licensed outdoor deck dining overlooking the lake
- Over 11,000 sq. ft. of indoor and outdoor restaurant space
- Additional 2.11 acre parcel with parking, cottages, and workshop
- Multiple income streams from restaurant and rental cottages
- Strong historical revenue and proven operating history
- Significant upside potential with year-round operations
- This is a once-in-a-generation opportunity to own a landmark waterfront restaurant and real estate asset on Candlewood Lake.
- Oil Heat
- 5 Zone Central AC with 2 Wall Mounted Units
- +/- 85 Parking Spaces
- +/- 36 Boat Slips with 12 Historical Slips
- Upstairs Fire Code Seating 99
- Outside has no fire code limits with 30 bar seats 67 seats and total capacity of minimum of 300 Patrons
- 4 Public Bathrooms and 1 Staff Bathroom (2 ADA)
- 4 Walk in Freezers
- 15 Refrigerators / Beer Coolers
- Two Hoods / One Chef Station
- Grease Trap in Place
- 288 Linear Feet of Road Frontage
- Well Water
- Septic
- Fully Alarmed with Security Cameras
Listing Contacts
Listed by Tower Realty Corporation
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