Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    159 Park St Bristol, CT 06010

    Sponsored
    For Sale
    $819,900

    MULTI_FAMILY - Bristol, CT

    Property size:
    8,981 SF
    Lot size:
    0.96 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 4 at 5:06 am

    Property Features for 159 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BN
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1
    Bedrooms
    4
    Bathrooms
    4
    Size
    8,981 SF
    Lot size
    0.96 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1946

    We can help!

    Listing Contact
    Ryan Martin

    Coldwell Banker Premiere Real Estate (860) 829-2333

    Listing agent Ryan Martin (860) 793-0349

    Listing date Mar 4, 2026

    MLS# 24157413

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Bristol, CT

    Located in Bristol, CT, this property offers a unique opportunity with a commercial building and a two-family home on a single parcel. The commercial building provides over 6,000 square feet of space, suitable for various business uses. It includes four garage doors (two 10-foot and two 8-foot), three offices, a waiting area, and two half bathrooms. Adjacent to the commercial space is a two-family home with nearly 3,000 square feet. Each unit features 2 bedrooms and 1 bathroom, with the first-floor unit completely remodeled. Newer roofs have been installed on both properties. Ample off-street parking is available. The property is zoned BN and situated on a 0.96-acre lot. This property is ideal for investors or owner-operators seeking a combination of residential and commercial opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.955753
    Latitude
    41.672054

    Nearby Similar for Sale

    • New
      $395,900
      5,094 SF

      Bristol Office/Medical Space Available

      Versatile office space, formerly a medical office, near hospital.
      85 Beleden Gardens Dr, Bristol, CT 06010
      View Details
    • New
      $349,990
      5,610 SF

      Versatile Retail Building in Bristol

      Commercial retail building with two units, offering flexible business opportunities.
      209 Riverside Ave, Bristol, CT 06010
      View Details
    • New
      $569,900
      Pending

      Bristol Commercial Building on Farmington

      4095 SF commercial building suitable for retail, office, or restaurant.
      790 Farmington Ave, Bristol, CT 06010
      View Details
    • New
      $1,005,000
      Pending

      Bristol Commercial Building For Sale

      Office/commercial building on 0.62 acre lot with high visibility.
      1001 Farmington Ave, Bristol, CT 06010
      View Details
    • New
      $749,900
      5,732 SF

      Professional Office Building on Rt 6

      Professional office building on Rt 6 with rental income.
      751 Farmington Ave, Bristol, CT 06010
      View Details
    • New
      $225,000
      1,169 SF

      Bristol Commercial Property on Route 6

      Mixed-use property on Route 6, ideal for business or home/office.
      941 Farmington Ave, Bristol, CT 06010
      View Details
    • New
      $398,499
      2,727 SF

      Bristol Multifamily Property For Sale

      Three-unit multifamily property in Bristol's Federal Hill neighborhood.
      17 Grove St, Bristol, CT 06010
      View Details
    • New
      $819,900
      8,981 SF

      Versatile Commercial and Residential Property

      Commercial building and remodeled two-family home on one lot.
      159 Park St, Bristol, CT 06010
      View Details
    • New
      $489,900
      Pending

      Triplex in Good Condition

      Triplex with spacious units, ideal for investment or owner-occupancy.
      84 Glen Eagle Dr, Bristol, CT 06010
      View Details
    • New
      $899,900
      8,981 SF

      Versatile Commercial and Residential Property

      Two properties on one parcel, ideal for investors/owner-operators.
      159 Park St, Bristol, CT 06010
      View Details
    • New
      $309,900
      2,048 SF

      Bristol Two-Family Home with Expansion Potential

      Two-family home in great condition with expansion potential.
      21 Ward St, Bristol, CT 06010
      View Details
    • New
      $360,000
      Pending

      Bristol Duplex with Recent Updates

      Side-by-side duplex with updated features and convenient location.
      29 Lincoln Pl, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building and two-family home on a single lot.
    Where is this mixed-use property located?
    The property is located at 159 Park St Bristol, CT.
    What is the asking price?
    The asking price for this property is $819,900.
    What are key features of this property?
    This property features: - Two properties on one parcel: commercial building and two-family home.; - Commercial building with over 6,000 sq. ft., **4 garage doors, 3 offices, waiting area, and 2 half bathrooms.**; - Two-family home with nearly 3,000 sq. ft., each unit featuring 2 bedrooms and 1 bathroom.
    (860) 940-8597
    Request Owner's contact information
    159 Park St Bristol, CT 06010
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    159 Park St
    Bristol, CT 06010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 Park St Bristol, CT 06010
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Martin
    (860) 940-8597 (860) 793-0349
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!