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    Colt Hwy Farmington, CT 06032

    For Sale
    $325,000

    Turnkey Liquor Store, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    Oak & Barrel Wine & Spirits, a thriving Farmington, CT, business, presents a unique investment opportunity. Established in 2019, this 2,087 square foot boutique wine and liquor store is situated within a bustling shopping center. The store boasts a charming rustic/country design, creating an inviting atmosphere for customers. Its inventory includes a curated selection of high-quality wines, spirits, and microbrews. The business model incorporates in-store tasting tables, perfect for hosting events and enhancing customer engagement. The knowledgeable staff contributes to a positive customer experience and contributes to the store's success. This absentee-owned, turnkey operation is ideally positioned for growth, benefiting from a strong local demographic. With a population of 56,000 within a three-mile radius and a daily traffic count of 28,000 vehicles, the potential for increased revenue is significant. Opportunities for expansion include leveraging e-commerce platforms, enhancing social media marketing, extending operating hours, and diversifying product offerings. This established business offers a compelling opportunity for a new owner to capitalize on its existing success and implement strategies for further expansion and profitability. The asking price is $325,000.

    Property Features for Colt Hwy

    General Information

    Property type
    Investment properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Farmington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8474
    Latitude
    41.70525

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    FAQs

    What type of property is this?
    Investment property - Turnkey Liquor Store, High Traffic Area
    Where is this investment property located?
    The property is located at Colt Hwy Farmington, CT.
    What is the asking price?
    The asking price for this property is $325,000.
    (203) 389-0015
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    Colt Hwy Farmington, CT 06032
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    Realmo Value Estimation

    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.

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    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.

    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
    Colt Hwy Farmington, CT 06032
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