Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property in Bristol, CT Title is generated by Realmo AI

    159 Park Street, Bristol, CT 06010

    View on Map
    Claim this Listing
    For Sale
    $819,900

    Commercial building and two-family home on one lot.

    Type:Commercial
    Property size:
    8,981 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $91/SF
    Added:
    Mar 4, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 159 Park Street

    General Information

    Standard status
    Active
    Size
    8,981 SF
    Lot size
    0.96 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    RYAN MARTIN

    Listing agent RYAN MARTIN

    Listing office Coldwell Banker Premier Real Estate

    Listing date Mar 4, 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 Coldwell Banker Premier Real Estate

    HighLights

    • Two properties on one parcel: a commercial building and a two‑family home.
    • Commercial building boasts over 6,000 sq. ft., four garage doors, three offices, waiting area, and two half bathrooms.
    • Two‑family home offers nearly 3,000 sq. ft. with 2 bedrooms and 1 bathroom in each unit.
    • First‑floor unit of the two‑family home is completely remodeled.
    • Newer roofs on both properties.
    • Ample off‑street parking.

    Overview

    Located in Bristol, CT, this property offers a rare opportunity with a commercial building and a two-family home on a single parcel. The commercial building provides over 6,000 sq. ft. of space suitable for various business uses. It includes four garage doors, with two measuring 10-foot and two measuring 8-foot, along with three offices, a waiting area, and two half bathrooms. Adjacent to the commercial space, the two-family home features nearly 3,000 sq. ft. Each of the two units includes 2 bedrooms and 1 bathroom. The first-floor unit has been completely remodeled. Both properties have newer roofs and offer ample off-street parking. The property is located close to local amenities. This setup is suitable for investors or owner-operators looking for a combination of residential and commercial opportunities. The property size is 8,981 sqft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9558
    Latitude
    41.672

    Nearby Similar for Sale

    • $749,900
      5,732 SF

      Multi-Unit Office Building Off Rt 6

      Multi-unit office building with off-street parking and an on-site first-floor suite for owner occupancy.
      751 Farmington Avenue, Bristol, CT 06010
      View Details
    • $3,250,000
      14,025 SF

      Medical Office Building Investment Opportunity

      Fully leased medical office building with long-term tenants and garage spaces.
      25 Collins Road, Bristol, CT 06010
      View Details
    • $1,375,000
      3,528 SF

      Bristol Church with Residential Home

      Church and residential property near Bristol amenities and highways.
      517 West Street, Bristol, CT 06010
      View Details
    • $395,900
      5,094 SF

      Bristol Office/Medical Space Available

      Versatile office space, formerly a medical office, near hospital.
      85 Beleden Gardens Drive, Bristol, CT 06010
      View Details
    • $819,900
      8,981 SF

      Versatile Commercial and Residential Property

      Commercial building and remodeled two-family home on one lot.
      159 Park Street, Bristol, CT 06010
      View Details
    • $819,900
      8,981 SF

      Mixed-Use Property in Bristol, CT

      Commercial building and two-family home on a single lot.
      159 Park Street, Bristol, CT 06010
      View Details
    • $1,200,000
      10,976 SF

      Commercial Building with Mixed-Use Potential

      Remodeled commercial building with office, warehouse, apartment, and gym.
      300 Riiverside Avenue, Bristol, CT 06010
      View Details
    • $569,900
      4,095 SF

      Bristol Commercial Building on Farmington

      4095 SF commercial building suitable for retail, office, or restaurant.
      790 Farmington Avenue, Bristol, CT 06010
      View Details
    • $349,900
      1,980 SF

      Two-Family Home in Bristol, CT

      Two-unit residential property with a private yard and garage.
      84 Putnam Street, Bristol, CT 06010
      View Details
    • $449,000
      11,010 SF

      Versatile Commercial Building on High-Traffic Road

      11,010 SF building on 0.62 acres with income potential.
      331 Park St, Bristol, CT 06010
      View Details
    • $499,000
      3,251 SF

      Bristol Multifamily Property For Sale

      Charming multifamily property with income potential in Bristol, CT.
      50 Hillside Place, Bristol, CT 06010
      View Details
    • $2,750,000
      2,687 SF

      Bristol Multifamily Portfolio For Sale

      Five multifamily properties with 22 units in Bristol, Connecticut.
      29 Landry Street, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building and two-family home on one lot.
    Where is this mixed-use property located?
    The property is located at 159 Park Street Bristol, CT.
    What is the asking price?
    The asking price for this property is $819,900.
    What are key features of this property?
    This property features: Two properties on one parcel: a commercial building and a two‑family home.; Commercial building boasts over 6,000 sq. ft., **four garage doors**, three offices, waiting area, and two half bathrooms.; Two‑family home offers nearly 3,000 sq. ft. with 2 bedrooms and 1 bathroom in each unit.
    (860) 793-0349
    We can help!
    Listing Contact
    RYAN MARTIN
    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
    159 Park Street, Bristol, CT 06010
    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!