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    242 Broad St Manchester, CT 06040

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    For Sale
    $925,000

    Well-maintained restaurant building with upgrades, suitable for continued restaurant use.

    Property size:
    3,292 SF
    Lot size:
    0.38 Acres

    Property Features for 242 Broad St

    General Information

    Size
    3,292 SF
    Lot size
    0.38 Acres

    Source: eXp Commercial - CT Agent Howie Coro

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

    Overview

    Established Restaurant Property For Sale

    This established restaurant property, offered for sale, is located in Manchester, CT. The building provides visibility in a high-traffic area, near I-84 and downtown Hartford. The property is surrounded by businesses and features parking, a monument street sign, a fenced outdoor dining area, a grab-and-go counter, and indoor dining space. The building has 4,000 usable square feet, including 2,284 square feet of restaurant space, 1,008 square feet of finished office/breakroom space on the second floor, and an additional 1,008 square feet of basement storage. The property has been maintained with over $300,000 in upgrades over the past eight years, including a stainless steel kitchen with a large hood system, walk-in freezer and refrigerator, tile floors, a repaved parking lot, and two new AC units. The 3,292 square foot property is suitable for continued restaurant use or other commercial ventures.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pho 99 Vietnamese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Allez Catering

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5353908
    Latitude
    41.7809799

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    FAQs

    What type of property is this?
    Restaurant - Well-maintained restaurant building with upgrades, suitable for continued restaurant use.
    Where is this restaurant located?
    The property is located at 242 Broad St Manchester, CT.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime visibility in a high-traffic location near I-84 and downtown Hartford.; - Turnkey restaurant space with a **stainless steel kitchen, large hood system, walk-in freezer and refrigerator.**; - Substantial upgrades totaling over $300k in the past eight years.
    (860) 508-2374
    Request Owner's contact information
    242 Broad St Manchester, CT 06040
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    Manchester, CT 06040
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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
    242 Broad St Manchester, CT 06040
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