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    61 Glen St New Britain, CT 06051

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    For Sale
    $475,000

    Commercial property in New Britain's Central Business District for sale.

    Lot size:
    0.34 Acres

    Property Features for 61 Glen St

    General Information

    Lot size
    0.34 Acres

    Building Details

    Year built
    1900

    Source: LPT Realty Agent Ryan Raymond

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

    Overview

    New Britain Commercial Property For Sale

    Located in the heart of New Britain's vibrant Central Business District, the commercial property at 61 Glen St spans just under 12,000 square feet. The expansive space is currently home to a successful restaurant and a retail auto parts store. The property is situated in both an Opportunity Zone and a designated Enterprise Zone, offering potential incentives for developers looking to capitalize on the area's growth. This property presents possibilities for investment, expansion, or new development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Riley's Hot Dog ... American 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

    Angelo'S Market & Fine Catering, Michael's Catering

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.781547
    Latitude
    41.6633591

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    FAQs

    What type of property is this?
    Restaurant - Commercial property in New Britain's Central Business District for sale.
    Where is this restaurant located?
    The property is located at 61 Glen St New Britain, CT.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Prime location in New Britain's Central Business District.; - Located in both an Opportunity Zone and a designated Enterprise Zone, offering potential incentives.; - Expansive space spanning just under 12,000 square feet.
    (860) 416-0884
    Request Owner's contact information
    61 Glen St New Britain, CT 06051
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    New Britain, CT 06051
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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
    61 Glen St New Britain, CT 06051
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