Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Bar and Grill Opportunity Title is generated by Realmo AI

    122 East Main Street, Waterbury, CT 06702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $80,000

    Fully built-out bar and grill in downtown Waterbury.

    Added:
    Mar 18, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 18 at 8:00 am

    Property Features for 122 East Main Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JOSSELINE RODRIGUEZ

    Listing agent JOSSELINE RODRIGUEZ

    Listing office Whitestone Real Estate Group

    Listing date Mar 18, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of Whitestone Real Estate Group

    HighLights

    • Fully built‑out, turnkey bar and grill opportunity.
    • Prime downtown location with high visibility and foot traffic.
    • Modern, upscale lounge atmosphere.
    • Fully equipped bar and commercial‑grade kitchen.
    • Versatile layout suitable for bar, grill, lounge, or nightclub.
    • Ample seating including booth‑style lounge areas.

    Overview

    This is a turnkey opportunity to own a fully built-out bar and grill located in downtown Waterbury at 122 E Main Street. The venue offers a modern, upscale lounge atmosphere with excellent visibility and foot traffic. The space features a long, fully equipped bar and ample seating, including booth-style lounge areas. The interior is warm and inviting, making it suitable for nightlife, dining, or private events. The layout is designed for high-volume service and includes a dedicated kitchen area with commercial-grade equipment, prep space, refrigeration, and ice systems. The venue is versatile and perfect for a bar and grill, lounge, or nightclub concept. The existing setup supports cocktails, food service, and live entertainment or DJ events.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterbury's Car Service Courier Service Red Velvet Bar ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Grand St. Tavern — 142 Grand St, Waterbury, CT 06702
    • Shamrock Pub and Grill — 210 meadow st, waterbury, ct 06702
    • 20 Leonard Street Cafe — 20 N Leonard St, Waterbury, CT 06708
    • Brass Tacs Cafe — 175 Freight St #2, Waterbury, CT 06702
    • Brooklyn Cafe — 11 Congress Ave, Waterbury, CT 06708

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0386557
    Latitude
    41.555076

    Nearby Similar for Sale

    • $1,100,000
      15,974 SF

      Retail Shopping Center Strip Mall

      Retail strip mall with stores and rentable lower level.
      1014 Meriden Road, Waterbury, CT 06705
      View Details
    • $765,000
      5,200 SF

      Waterbury Multifamily Investment Opportunity

      Six-unit multifamily property in Waterbury, Connecticut, with strong rental potential.
      38 Green Street, Waterbury, CT 06708
      View Details
    • $1,199,900
      5,934 SF

      Eleven-Unit Apartment Building For Sale

      Eleven-unit apartment building with recent updates and separately metered utilities.
      133 Hillside Avenue, Waterbury, CT 06710
      View Details
    • $599,900
      3,754 SF

      Permitted Rooming House with Garage

      Fully occupied 14-unit rooming house with a five-bay garage.
      34 Mitchell Avenue, Waterbury, CT 06710
      View Details
    • $4,750,000
      93,086 SF

      Institutional Building in Waterbury, CT

      93,000 SF building suitable for redevelopment or adaptive reuse.
      44 Abbott Terrace, Waterbury, CT 06702
      View Details
    • $319,900
      2,520 SF

      Well-Maintained Two-Family Property

      Two-family property with income potential and owner-occupant opportunity.
      28 Platt Street, Waterbury, CT 06704
      View Details
    • $299,900
      3,909 SF

      Spacious Two-Family Corner Lot

      Restoration opportunity on a spacious corner lot.
      76 Chapman Avenue, Waterbury, CT 06710
      View Details
    • $750,000
      6,836 SF

      Waterbury Multi-Unit Investment Opportunity

      Well-maintained multi-unit property with income potential in a strong rental market.
      121 Lounsbury Street, Waterbury, CT 06706
      View Details
    • $525,000
      2,938 SF

      Well-Maintained Multifamily Property

      Income-generating three-family home near highway, shopping, and schools.
      41 Diane Terrace, Waterbury, CT 06705
      View Details
    • $499,999
      4,004 SF

      Well-Maintained Multifamily Investment Opportunity

      Updated multifamily property in Waterbury, CT, offering excellent investment potential.
      23 James Street, Waterbury, CT 06708
      View Details
    • $319,000
      2,825 SF

      Versatile Multifamily Home with Income Potential

      Two-family property with finished basement and strong income potential.
      22 Ashley Street, Waterbury, CT 06704
      View Details
    • $455,000
      2,860 SF

      Well-Maintained Multifamily Home

      Excellent investment opportunity in a sought-after location.
      2784 E Main Street, Waterbury, CT 06705
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully built-out bar and grill in downtown Waterbury.
    Where is this bar & pub located?
    The property is located at 122 East Main Street Waterbury, CT.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Fully built‑out, turnkey bar and grill opportunity.; Prime downtown location with high visibility and foot traffic.; Modern, upscale lounge atmosphere.
    (203) 307-5064
    We can help!
    Listing Contact
    JOSSELINE RODRIGUEZ
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    122 East Main Street, Waterbury, CT 06702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!