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    198-200 West St Cromwell, CT 06416

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    For Sale
    $2,500,000

    Two buildings on 0.51 acres with ample parking.

    Lot size:
    0.51 Acres

    Property Features for 198-200 West St

    General Information

    Lot size
    0.51 Acres

    Building Details

    Year built
    1951

    Source: William Raveis Real Estate Agent Robert D. Lang

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

    Overview

    Restaurant and Retail Opportunity

    Located on a busy road with a traffic count of approximately 14,000 cars per day, this property consists of two buildings currently used as a restaurant and a nail salon. The parcel totals 0.51 acres with 150 feet of frontage. The two buildings have a total square footage of 4378. Ample parking is available. The property is located close to a shopping center and offers easy highway access.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6793764
    Latitude
    41.6029528

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    FAQs

    What type of property is this?
    Restaurant - Two buildings on 0.51 acres with ample parking.
    Where is this restaurant located?
    The property is located at 198-200 West St Cromwell, CT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location on busy Rt 372 with high traffic count.; - Package deal includes two buildings currently used as a restaurant and nail salon.; - Ample parking available.
    (860) 305-3521
    Request Owner's contact information
    198-200 West St Cromwell, CT 06416
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    Cromwell, CT 06416
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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
    198-200 West St Cromwell, CT 06416
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