WALLINGFORD — The owner of the Redwood Flea Market is ready to retire and has put the property and the business up for sale.
Owner Ken Dubar, of Wallingford, inherited the year-round, outdoor market more than a decade ago from his parents, Walter and Roberta Dubar. They opened the restaurant on the property, currently called the Redwood Grille, in 1957.
The flea market began in 1972. It’s open from 6 a.m. to 3 p.m. Friday through Sunday, and some Monday holidays.
The market operates on 1.83-acres at 180 S. Turnpike Road. It includes the 1,085-square-foot restaurant and a 648-square-foot office. The assessed value for the property and buildings is $164,600, according to town records.
The lot north of the flea market, 170 S. Turnpike Road, is a 1.24-acre vacant lot used for parking. The assessed value is $117,500.
Dubar, 70, said Wednesday he wants to sell the properties and the businesses together. He plans to continue running the flea market until the sale is complete.
“The flea market is here to stay, it’s not going anywhere,” he said. “Why would (a new owner) invest that amount of money and then tear it down?”
The properties are both zoned commercial.
Permitted uses, according to town zoning regulations, include retail stores, offices, restaurants, funeral homes, theaters, hotels, clubs, veterinary hospitals, governmental buildings, public utility buildings and adult uses.
The specific zone, CB-40, further allows wholesale trade, printing plants, health clubs, storage warehouses and cold storage locker plants.
Toby Brimberg, vice president of O,R&L Commercial, said they began marketing the property last summer.
“It’s a very viable business,” Brimberg said Wednesday. Dubar “is not selling because business is bad. It’s a very steady all year-round business.”
The restaurant is open year-round and has a long-term leasee, he added.
Read more articles like this and help support local journalism by subscribing to the Record Journal.
Unlimited Digital Access just 99¢
Read more articles like this by subscribing to the Record Journal.
Unlimited Digital Access for just 99¢