Four-Story Restaurant
26 North Main Street Waterbury, CT 06702
26 North Main Street, Waterbury, CT, 06702
$850,000
For Sale
$850,000
Turnkey hospitality building on North Main Street with recent renovations and space suited for dining, bar service, or events.
Property Size7,510 SF
Price / SF$113.18
Days on Market37
Property Features for 26 North Main Street
General Information
- Standard status
- Active
- Size
- 7,510 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
Dave Jones Realty, LLC
(203) 758-0264
Listed by
GEORGE NOUJAIM · License #RES.0820988
Source
Corcoran
Added: Jun 11 Checked: Jul 17 at 6:02 am
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 Dave Jones Realty, LLC
Investment Insights
Based on property information with market context.
This four-story commercial landmark is designed for restaurant and bar operations and is currently positioned as the home of the Brass Horse Restaurant Bar. The building offers approximately 7,510 square feet across four levels, with interior dining areas that have been remodeled while preserving historic architectural character. Recent renovations and modern hospitality amenities support a turnkey transition for an operator, with the layout providing flexibility for multiple revenue streams, including guest dining, bar service, and event use.
The property is located directly on North Main Street and overlooks the Downtown Green, supporting strong street visibility and pedestrian activity. It sits within Waterbury’s downtown business and entertainment district, with major downtown destinations nearby, including the Palace Theater, Mattatuck Museum, and the University of Connecticut Waterbury Campus.
For buyers and operators seeking an established hospitality property, the combination of street-facing presence, four-level configuration, and recent interior improvements can help streamline the path to reopening or repurposing for a new concept. The building’s location in a concentrated downtown activity center also supports businesses that rely on foot traffic and walk-in demand.
The property is located directly on North Main Street and overlooks the Downtown Green, supporting strong street visibility and pedestrian activity. It sits within Waterbury’s downtown business and entertainment district, with major downtown destinations nearby, including the Palace Theater, Mattatuck Museum, and the University of Connecticut Waterbury Campus.
For buyers and operators seeking an established hospitality property, the combination of street-facing presence, four-level configuration, and recent interior improvements can help streamline the path to reopening or repurposing for a new concept. The building’s location in a concentrated downtown activity center also supports businesses that rely on foot traffic and walk-in demand.
Key Highlights
- 4‑story historic commercial building built in 1900 with approx. 7,510 SF across four levels
- Located directly on North Main Street overlooking the Downtown Green
- Currently home to the Brass Horse Restaurant Bar
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 | $103.6k | $13.80 |
| − Vacancy | −$7.3k | −$0.97 |
| EGI | $96.4k | $12.83 |
| − OpEx | −$24.1k | −$3.21 |
| NOI | $72.3k | $9.63 |
7,510 SF · lease $13.80/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$903.6K – $1.20M
NOI $72,288 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,506 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brass Horse
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey hospitality building on North Main Street with recent renovations and space suited for dining, bar service, or events.
Where is this conventional restaurant located?
The property is located at 26 North Main Street Waterbury, CT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4‑story historic commercial building built in 1900 with approx. 7,510 SF across four levels; Located directly on North Main Street overlooking the Downtown Green; Currently home to the Brass Horse Restaurant Bar
