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    103 Tolland Tpke Manchester, CT 06042

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    For Sale
    $3,900,000

    Full-service restaurant, bar, and sports betting venue for sale.

    Property size:
    21,500 SF
    Lot size:
    2.44 Acres

    Property Features for 103 Tolland Tpke

    General Information

    Size
    21,500 SF
    Lot size
    2.44 Acres

    Source: Colliers - Hartford Agent Bob Pagani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Sports Betting Property

    The property at 103 Tolland Turnpike features a full-service restaurant and bar/lounge, currently operating as Shea’s Pizzeria & Sports Bar, with both canopy/enclosed and outside patio dining spaces. A portion of the property is leased to Winners – Racing-Betting-Sports, an off-track/sports betting company. The building encompasses approximately 21,500 square feet and is situated on a 2.44-acre site. Parking is available for 150 vehicles. The patio offers seating for 460 patrons, and the indoor capacity accommodates 269 patrons. The kitchen, dining space, foyer, bar, and restrooms were completely renovated in 2015. The roof was replaced in 2022. The property is located along Tolland Turnpike (Route 83), a commercial corridor with a traffic volume of approximately 20,000 vehicles per day.
    Insight Report Location Intelligence

    Current Use by Public Records

    Murphy's Sports Bar Restaurant Winners Manchester Off Track Betting Shop Shea's Pizzeria and Sports ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Shea's Pizzeria and Sports Bar

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5104568
    Latitude
    41.8137973

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    FAQs

    What type of property is this?
    Bar - Full-service restaurant, bar, and sports betting venue for sale.
    Where is this bar located?
    The property is located at 103 Tolland Tpke Manchester, CT.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Largest patio with seating for 460 patrons.; - Full-service restaurant and bar/lounge with additional income from leased space.; - ±21,500 sf on 2.44 acre site with parking for 150 cars.
    (860) 983-3949
    Request Owner's contact information
    103 Tolland Tpke Manchester, CT 06042
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    Manchester, CT 06042
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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
    103 Tolland Tpke Manchester, CT 06042
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