Fully Equipped Restaurant
407 Main Street Unit 101B Hartford, CT 06106
407 Main Street Unit 101B, Hartford, CT, 06106
$399,900
For Sale
$399,900
Historic restaurant space with included equipment and furnishings within approximately 4,883 sq. ft. of commercial area.
Property Size1,492 SF
Price / SF$268.03
Days on Market564
Property Features for 407 Main Street Unit 101B
General Information
- Standard status
- Active
- Size
- 1,492 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1895
Listing agency
Five Stars Realty
(860) 794-5353
Listed by
Guillermo Araujo · License #REB.0794500
(860) 794-5353
Source
Xome
Added: Jan 3, 2025 Updated: Jul 20 at 10:25PM Checked: Jul 21 at 3:02AM
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 Five Stars Realty
Investment Insights
Based on property information with market context.
This fully equipped restaurant space is being offered for sale as Unit 101B at 407 Main Street. The property is a historic building constructed in 1895 and includes a combined 4,883 square feet of commercial space. The sale includes existing restaurant equipment and furnishings, supporting an easier transition for the next operator.
The space is positioned in Downtown Hartford, surrounded by a mix of businesses and cultural attractions as well as nearby residential communities. Public transportation is noted as nearby, with additional amenities including theaters, museums, and art galleries. The remarks also indicate ample parking facilities for guests.
The offering is presented as a turnkey option for a restaurant use, with the included operating components intended to streamline start-up or continuity for a new owner.
The space is positioned in Downtown Hartford, surrounded by a mix of businesses and cultural attractions as well as nearby residential communities. Public transportation is noted as nearby, with additional amenities including theaters, museums, and art galleries. The remarks also indicate ample parking facilities for guests.
The offering is presented as a turnkey option for a restaurant use, with the included operating components intended to streamline start-up or continuity for a new owner.
Key Highlights
- Historic restaurant space at 407 Main Street, Hartford, CT 06103, built in 1895
- Approximately 4,883 sq. ft. of commercial area in Downtown Hartford
- Sale includes existing restaurant equipment and furnishings
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 | $28.6k | $19.20 |
| − Vacancy | −$2.3k | −$1.54 |
| EGI | $26.4k | $17.66 |
| − OpEx | −$6.6k | −$4.42 |
| NOI | $19.8k | $13.25 |
1,492 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$282.4K
$247.1K – $329.4K
NOI $19,766 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.7K
$389.1K – $518.9K
NOI $31,131 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Historic restaurant space with included equipment and furnishings within approximately 4,883 sq. ft. of commercial area.
Where is this conventional restaurant located?
The property is located at 407 Main Street Unit 101B Hartford, CT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Historic restaurant space at 407 Main Street, Hartford, CT 06103, built in 1895; Approximately 4,883 sq. ft. of commercial area in Downtown Hartford; Sale includes existing restaurant equipment and furnishings
