Hartford Tavern and Real
83-85 Arch St Hartford, CT 06103
83-85 Arch St, Hartford, CT, 06103
$995,500
For Sale
$995,500
Established tavern and real estate in Hartford's Front Street District.
Property Size4,209 SF
Price / SF$236.52
Days on Market89
Property Features for 83-85 Arch St
General Information
- Standard status
- Active
- Size
- 4,209 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1908
Listing agency
Agnelli Real Estate
(860) 604-1655
Listed by
Richard D. Ziff
(860) 604-1655
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:29PM Checked: Jul 21 at 8:43AM
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 Agnelli Real Estate
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a Hartford institution, Arch Street Tavern, a renowned tavern and live music venue, along with its valuable real estate. The property is situated in the heart of downtown Hartford near the convention center and across from Front Street entertainment district. This location benefits from year-round traffic from tourists, office workers, events, and nearby residential growth. The sale includes furniture, fixtures, and equipment valued at $97,500, and product inventory with an approximate value of $15,000. The business has been operating for 47 years and has a loyal customer base and local recognition. The property features 25 seats at the bar, lounge seating for 24, dining room seating for 160 indoor and 75 outdoor with bar, commercial kitchen, and performance stage space. Known for hosting bands, events, and private parties, it is ideal for a music-forward hospitality concept. The location has a walk score of 92, a transit score of 80, and a bike score of 59. The annual property tax is $1,200 with tax relief in year 4 for a 15 year deal. The building size is 4,209 square feet.
Key Highlights
- Premier Location: Heart of downtown Hartford, across from Front Street entertainment.
- Turnkey Operation: Fully operational and established Arch Street Tavern with 47 years of goodwill.
- Large Venue: 4,209 sqft with 25 bar seats, lounge, dining room, commercial kitchen, and performance stage.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.8k | $19.20 |
| − Vacancy | −$6.5k | −$1.54 |
| EGI | $74.3k | $17.66 |
| − OpEx | −$18.6k | −$4.42 |
| NOI | $55.8k | $13.25 |
4,209 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$796.6K
$697.0K – $929.4K
NOI $55,761 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,821 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- El Bohio Cafe 2 — 90 Park St, Hartford, CT 06106
- Republic Gas Tro Pub — Capitol Ave, Hartford, CT 06106
- Starbucks — 20 Front St, Hartford, CT 06103
- Republic at The Linden — 10 Capitol Ave, Hartford, CT 06106
- Thomas Hooker Brewery at Colt — 140 Huyshope Ave, Hartford, CT 06106
FAQs
What type of property is this?
Bar & Pub - Established tavern and real estate in Hartford's Front Street District.
Where is this bar & pub located?
The property is located at 83-85 Arch St Hartford, CT.
What is the asking price?
The asking price for this property is $995,500.
What are key features of this property?
This property features: Premier Location: Heart of downtown Hartford, across from Front Street entertainment.; Turnkey Operation: Fully operational and established Arch Street Tavern with 47 years of goodwill.; Large Venue: 4,209 sqft with 25 bar seats, lounge, dining room, commercial kitchen, and performance stage.
