Established Polish Deli For
For Sale
$450,000
731 Wethersfield Avenue, Hartford, CT 06114
Turn-key Polish deli business and building for sale.
Property Size2,596 SF
Price / SF$173.34
Days on Market480
Property Features for 731 Wethersfield Avenue
General Information
Standard status
Active
Size
2,596 SF
Property subtype
General Commercial
Amenities
3
B-4
10 Parking Spaces.
Building Details
Year Built
1922
Listing Agency:
Berkshire Hathaway NE Prop.
(860) 874-6646
Listed By:
Jacek Mikolajczyk · License #RES.0797319
(860) 874-6646
Source:
Xome
Added: May 2, 2025
Changed: Aug 23
Last Checked: Aug 22 at 7:30AM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
The Baltyc Deli, a traditional Polish deli with a long-standing reputation, is available for sale. This turn-key opportunity includes both the business and the building. The deli serves freshly cooked meals daily, with options for dine-in or take-out. It offers a wide selection of cold cuts, dry goods, meats, and specialty Polish foods. The property features natural gas heating and cooking for efficient operations. The seller is willing to train the new owner to ensure a smooth transition in running the business. This established, thriving deli has strong community roots and is located on Wethersfield Avenue in Hartford, CT. The property size is 2596 square feet. This property is suitable for conventional restaurants, restaurants, grocery and convenience stores, retail properties, and general commercial real estate uses.
Key Highlights
- Turn‑key business opportunity including both the business and the building.
- Well‑established, thriving traditional Polish deli with a long‑standing reputation.
- Authentic offerings including freshly cooked meals, cold cuts, dry goods, meats, and specialty Polish foods.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,392
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,840
$687.8K
Cap Rate 7%
$491,314
$491.3K
Cap Rate 9%
$382,133
$382.1K
Market Conditions
NOI Build-Up for 2,596 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.8K $19.20/SF
− Vacancy
−$4.0K −$1.54/SF
EGI
$45.9K $17.66/SF
− OpEx
−$11.5K −$4.42/SF
NOI
$34.4K $13.25/SF
Area
Hartford, CT
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$687,840
Cap Rate 7%
$491,314
Cap Rate 9%
$382,133
Alternative Uses
Best Use
Specialty Retail
$491.3K
$429.9K – $573.2K
NOI $34,392 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$419.2K
$366.8K – $489.0K
NOI $29,341 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$773.8K
$677.1K – $902.8K
NOI $54,166 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 38%
Home Improvements & Furnishings 3%
Electronics 1%
Wendy's
Dining
14,676 visits/mo
0.2 miles
Burger King
Dining
12,283 visits/mo
0.2 miles
Family Dollar
Shops & Services
10,435 visits/mo
0.3 miles
Sunoco
Shops & Services
7,594 visits/mo
0.1 miles
Dollar General
Shops & Services
6,698 visits/mo
0.2 miles
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Retail in Hartford, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key Polish deli business and building for sale.
Where is this conventional restaurant located?
The property is located at 731 Wethersfield Avenue Hartford, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turn‑key business opportunity including both the business and the building.; Well‑established, thriving traditional Polish deli with a long‑standing reputation.; Authentic offerings including freshly cooked meals, cold cuts, dry goods, meats, and specialty Polish foods.
