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    237 New Britain Rd Berlin, CT 06037

    For Sale
    $1,695,000

    Established Restaurant, Event Space, FF&E Included

    Property size:
    8,514 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 8,514 square foot commercial property, situated on a 0.97-acre lot at 237 New Britain Road in Berlin, CT, presents a unique investment opportunity. Currently operating as a successful ethnic restaurant for over 25 years, the property includes all furniture, fixtures, and equipment (FF&E) within the asking price of $1,695,000. The stunning interior and exterior boast a five-star design, creating an elegant and versatile space ideal for a variety of uses. A highlight is the magnificent ballroom, capable of accommodating up to 220 guests, perfect for large-scale corporate events, weddings, and other celebrations. Additionally, a private upstairs area can host smaller gatherings of up to 40 people. The property's established history and high-quality amenities offer immediate income potential and significant long-term growth prospects. Owner financing is negotiable, making this an attractive proposition for discerning investors seeking a turnkey operation in a desirable Connecticut location. The property's prime location and versatile design make it an exceptional opportunity for both established businesses and new ventures. The inclusion of all FF&E streamlines the transition process for a seamless takeover. This is a rare chance to acquire a well-established, high-quality commercial property with significant earning potential.

    Property Features for 237 New Britain Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,514 SF
    Lot Size
    42,253 SF

    Building Details

    Year Built
    2008
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baltic Restaurant Polish Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.76996
    Latitude
    41.6422

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Event Space, FF&E Included
    Where is this commercial real estate located?
    The property is located at 237 New Britain Rd Berlin, CT.
    What is the asking price?
    The asking price for this property is $1,695,000.
    (860) 633-4000
    Request Owner's contact information
    237 New Britain Rd Berlin, CT 06037
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    Berlin, CT 06037
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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.

    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.

    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
    237 New Britain Rd Berlin, CT 06037
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