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    Turn-Key Cafe Investment Opportunity Title is generated by Realmo AI

    28 Central Square, Bristol, NH 03222

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    Claim this Listing
    New
    For Sale
    $649,900

    Commercial For Sale - Bristol, NH

    Lot size:
    0.08 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 28 Central Square

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Downtown Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4921.84

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Propane (Heating)
    Cooling system
    Zoned

    Building Details

    Year built
    1930
    Number of units
    4
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Lorna Platts Sirois

    Listing agent Lorna Platts Sirois

    Listing office Old Mill Properties REALTORS 507 Lake Street, Bristol, NH

    Listing date May 15, 2026

    MLS# 5089327 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key business opportunity including real estate, equipment, furniture, fixtures, and the Purple Pit name.
    • Well‑established cafe with award‑winning reputation and diverse menu in a high‑visibility downtown location.
    • Three fully rented apartments provide steady income.
    • Includes restaurant space, ice cream/gelato counter, and seasonal "Rib Room" with 75‑seat approval.
    • Full basement offers abundant storage and expansion potential.
    • Located in bustling Bristol Square near shops, galleries, the Pemi River, and Newfound Lake.

    Overview

    This mixed-use property presents a business and investment opportunity in downtown Bristol. The property includes the business, real estate, furniture, fixtures, equipment, and name of the Purple Pit Cafe. The first floor features a cafe restaurant space with outdoor seating, an ice cream and gelato counter, and a seasonal rib room serving Texas BBQ on weekends. The cafe is approved for 75 seats. A full basement provides storage and expansion potential for catering, bakery production, or a creative studio. Three fully rented apartments above the cafe offer income to offset expenses. The property is located in Bristol Square near shops, galleries, the Pemi River, and the Pemi-Path, capturing local and tourist traffic along the gateway to Newfound Lake. The property is situated on a lot of 0.08 acres. This location offers potential for business growth in a New Hampshire lake community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center 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
    Grafton
    State
    New Hampshire
    Longitude
    -71.7355101
    Latitude
    43.5910202

    Nearby Similar for Sale

    • $225,000

      Established Cafe Business Opportunity

      Turnkey cafe business for sale in Bristol, New Hampshire.
      28 Central Street, Bristol, NH 03222
      View Details
    • $1,700,000

      Multifamily Property in Desirable Location

      9-unit multifamily property near downtown, schools, and recreation.
      25 School St, Bristol, NH 03222
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Mixed-use property with cafe, apartments, and business opportunity.
    Where is this coffee shop located?
    The property is located at 28 Central Square Bristol, NH.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Turn‑key business opportunity including real estate, equipment, furniture, fixtures, and the Purple Pit name.; Well‑established cafe with award‑winning reputation and diverse menu in a high‑visibility downtown location.; Three fully rented apartments provide steady income.
    (603) 744-8526
    We can help!
    Listing Contact
    Lorna Platts Sirois
    Learn More
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    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.

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