Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Property in Historic Downtown Title is generated by Realmo AI

    27-29 Bank Street, Seymour, CT 06483

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-unit mixed-use property with restaurant business in historic downtown.

    Type:Commercial
    Property size:
    3,849 SF
    Added:
    Apr 8, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 20 at 2:25 pm

    Property Features for 27-29 Bank Street

    General Information

    Standard status
    Active
    Size
    3,849 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Gina Williams

    Listing agent Gina Williams

    Listing office Preston Gray Real Estate

    Listing date Apr 8, 2026

    Source Iverty

    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 Preston Gray Real Estate

    HighLights

    • Includes existing restaurant business, equipment, and furnishings.
    • Prime location in the heart of historic downtown Seymour with excellent visibility and foot traffic.
    • One block from the Seymour Metro‑North Train Station with easy access to New Haven, Waterbury, Hartford, and NYC.
    • Two separate units with flexible layouts suitable for food service, retail, or creative use.
    • Quick access to Route 8 and Route 67.
    • Surrounded by local boutiques, art galleries, and antique shops.

    Overview

    This two-unit mixed-use property is located in the heart of historic downtown Seymour. The building is being sold with the existing restaurant business and equipment. It features two separate units with flexible layouts. The sale includes restaurant equipment and furnishings. It is suitable for food service, retail, or creative use. The property benefits from excellent visibility and foot traffic on Bank Street, situated on a walkable block in Seymour's historic district. It is located one block from the Seymour Metro-North Train Station, providing access to New Haven, Waterbury, Hartford, and NYC, with quick access to Route 8 and Route 67. The property is surrounded by local boutiques, art galleries, and antique shops. The property size is 3849 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.07408
    Latitude
    41.395671

    Nearby Similar for Sale

    • $540,000
      3,237 SF

      Two-Family Residential Income Property

      Two side-by-side units offer owner-occupant flexibility with shared property amenities and storage space.
      3-5 Pearl Street, Seymour, CT 06483
      View Details
    • $729,900
      4,360 SF

      Well-Maintained Four-Family Investment Property

      Turnkey four-family property with upside potential in Seymour, CT.
      387 S Main Street, Seymour, CT 06483
      View Details
    • $359,900
      3,849 SF

      Mixed-Use Property in Historic Downtown

      Two-unit mixed-use property in Seymour's historic district.
      27-29 Bank Street, Seymour, CT 06483
      View Details
    • $729,900

      Well-Maintained Four-Family Investment Property

      Turnkey four-family property with upside potential in a prime location.
      387 S Main St, Seymour, CT 06483
      View Details
    • $65,000

      Established Auto Repair Business Opportunity

      Turn-key auto repair business for sale in Seymour, CT.
      111 New Haven Road, Seymour, CT 06483
      View Details
    • $540,000

      Two-Family Home with Detached Garage

      Two side-by-side units offer storage-rich living with a detached 2-car garage and spacious yard space.
      3-5 Pearl St, Seymour, CT 06483
      View Details
    • $380,000

      Multi Family

      6 Bryson Ave, Seymour, CT 06483
      View Details
    • $39,592,000

      214-Unit Apartment Portfolio For Sale

      214 units with 5 commercial spaces, 97% occupancy.
      39 New Haven Rd 8, Seymour, CT 06483
      View Details
    • $39,592,000
      170,716 SF

      214-Unit Apartment Portfolio For Sale

      214-unit apartment portfolio with 5 commercial units, 97% occupancy.
      39 New Haven Road Unit 8, Seymour, CT 06483
      View Details
    • $599,900

      Specialty Property For Sale

      Specialty property available for purchase.
      154 S Benham Rd, Seymour, CT 06483
      View Details
    • $84,900
      2,000 SF

      Established Ice Cream Business For Sale

      Well-established ice cream business for sale in a historical building.
      114 S Main St, Seymour, CT
      View Details
    • $2,450,000
      12,980 SF

      Seymour Mixed-Use Investment Opportunity

      Mixed-use property in Seymour, CT, suitable for various commercial purposes.
      115/124 Main Street 20 1st Street, Seymour, CT 06483
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-unit mixed-use property with restaurant business in historic downtown.
    Where is this mixed-use property located?
    The property is located at 27-29 Bank Street Seymour, CT.
    What are key features of this property?
    This property features: Includes existing restaurant business, equipment, and furnishings.; Prime location in the heart of historic downtown Seymour with excellent visibility and foot traffic.; One block from the Seymour Metro‑North Train Station with easy access to New Haven, Waterbury, Hartford, and NYC.
    (203) 856-5942
    We can help!
    Listing Contact
    Gina Williams
    Learn More
    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
    27-29 Bank Street, Seymour, CT 06483
    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!