Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    377 S Center St Windsor Locks, CT 06096

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    Restaurants

    Lot size:
    2.35 Acres

    Property Features for 377 S Center St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.35 Acres

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Alton Moss
    Alton Moss
    Source: Elliman

    Listing Agency: Berkshire Hathaway NE Prop. Listing Agent: Alton Moss

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

    Learn more

    Overview

    Unlock the potential of a highly adaptable commercial asset-priced to move, located to perform, and ready for your vision. A Prime Commercial Opportunity - Now Offered at $1,400,000 Discover a versatile commercial property positioned for growth, reinvention, and long-term value. Now strategically priced at $1,400,000, this 6,102 sq ft free-standing building on 2.35 acres offers exceptional potential for a variety of business models beyond its successful history as a pizzeria and lounge. Located just 6 minutes from Bradley International Airport and boasting frontage with easy access to I-91, Rte. 159, and Rte. 20, this property is ideally situated for high-visibility, high-traffic commercial use. Its 75-space paved parking lot, excellent road exposure, and proximity to major travel corridors make it a standout for operators seeking convenience and accessibility. Expanded Possibilities - Built for More Than a Restaurant With BUS1 zoning and a flexible, open floor plan, the property lends itself to multiple compelling redevelopment or repurposing concepts, including: * Retail - Boutique, specialty shop, convenience, or destination retail * Banquet or Event Space - Receptions, celebrations, business events * Brewery or Taproom - Ample layout for brewing, tasting, & distribution * Commissary / Ghost Kitchen - Strong infrastructure for high-volume production
    Location Intelligence

    Current Use by Public Records

    AD's Pizzeria Restaurant

    Suggested Use

    Restaurant Spa & Massage Center Gym & Fitness Center Building Supply Accounting Firm Auto Repair Shop Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store

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

    Similar Places Nearby

    Yosi Kosher Catering

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Locks
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6363722
    Latitude
    41.9056428

    Nearby Similar for Sale

    • $850,000
      5,680 SF

      Used Car Dealer Property

      Licensed used car dealership property for sale near airport.
      15 King Spring Rd, Windsor Locks, CT 06096
      View Details
    • $950,000
      5,680 SF

      Licensed Used Car Dealership Property

      Licensed used car dealership property near Bradley International Airport.
      15 King Spring Rd, Windsor Locks, CT 06096
      View Details
    • $999,000

      Renovated Auto Sales/Detailing Property

      Renovated 3,970 SF building near Bradley Airport.
      592 Elm St, Windsor Locks, CT 06096
      View Details
    • $1,400,000
      6,102 SF

      Versatile Commercial Property Near Airport

      Adaptable commercial asset with redevelopment potential near Bradley Airport.
      377 South Center St, Windsor Locks, CT 06096
      View Details
    • $129,900
      Pending

      Established Auto Repair Business

      Operating since 2004, turn-key auto repair business for sale.
      68 King Spring Rd, Windsor Locks, CT 06096
      View Details
    • $429,500

      Specialty Property in Windsor Locks

      Specialty property available for sale in Windsor Locks, CT.
      15 Suffield St, Windsor Locks, CT 06096
      View Details
    • Contact for pricing
      5,710 SF

      Ruby Tuesday NNN Lease Property

      Corporately guaranteed NNN lease with zero landlord responsibility.
      101 Ella Grasso Tpke, Windsor Locks, CT 06096
      View Details
    • $999,000
      3,970 SF

      Renovated Auto Sales/Detailing Property

      3,970 sq ft renovated building approved for auto sales.
      592 Elm St, Windsor Locks, CT 06096
      View Details
    • Contact for pricing
      451,909 SF

      Windsor Locks Warehouse Opportunity

      451,909 sq ft warehouse near Bradley Airport.
      295 Ella Grasso Tpke, Windsor Locks, CT 06096
      View Details
    • $129,900
      7,500 SF

      Established Auto Repair Business

      Operating since 2004, this auto repair business is for sale.
      68 King Spring Rd, Windsor Locks, CT 06096
      View Details

    FAQs

    Where is this restaurant located?
    The property is located at 377 S Center St Windsor Locks, CT.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Strategically located 6 minutes from Bradley International Airport with easy access to I-91, Rte. 159, and Rte. 20; - Large 2.35-acre lot with a **6,102 sq ft free-standing building**; - Versatile BUS1 zoning allows for retail, banquet/event space, brewery/taproom, or commissary/ghost kitchen
    (860) 688-7531
    Request Owner's contact information
    377 S Center St Windsor Locks, CT 06096
    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.
    377 S Center St
    Windsor Locks, CT 06096
    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
    377 S Center St Windsor Locks, CT 06096
    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

    We can help!
    Listing Contact
    Alton Moss
    Alton Moss
    Real Estate License ID: RES.0780003
    (860) 688-7531 (860) 343-3646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!