Restaurant Condo with
For Sale
$399,000
407 Main Street #101B, Hartford, CT 06106
The operating restaurant and bar business accompanies two retail condominium units offered together.
Property Size1,492 SF
Price / SF$267.43
Days on Market120
Property Features for 407 Main Street #101B
General Information
Standard status
Active
Size
1,492 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Building Size
1,492 SF
Year Built
1895
Listing Agency:
Keller Williams Prestige Prop.
(203) 327-6700
Listed By:
Jacqueline Yeap · License #RES.0805343
(917) 302-7916
Source:
Cappellorealty
Added: Jul 1
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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 Keller Williams Prestige Prop.
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Investment Insights
Based on property information with market context.
A 1,492-square-foot retail condominium in Hartford is associated with an operating restaurant and bar business. The property information identifies two separately listed retail condo units that must be purchased together. The building dates to 1895, and the zoning is Commercial.
The property is at the intersection of Main Street and Capitol Avenue. The offering combines the two units with the restaurant and bar business.
The property is at the intersection of Main Street and Capitol Avenue. The offering combines the two units with the restaurant and bar business.
Key Highlights
- 1,492‑square‑foot retail condominium
- Operating restaurant and bar business offered with two units that must be purchased together
- At the intersection of Main Street and Capitol Avenue in Hartford
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,766
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,320
$395.3K
Cap Rate 7%
$282,371
$282.4K
Cap Rate 9%
$219,622
$219.6K
Market Conditions
NOI Build-Up for 1,492 SF
Gross rent
$28.6K $19.20/SF
− Vacancy
−$2.3K −$1.54/SF
EGI
$26.4K $17.66/SF
− OpEx
−$6.6K −$4.42/SF
NOI
$19.8K $13.25/SF
Area
Hartford, CT
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,320
Cap Rate 7%
$282,371
Cap Rate 9%
$219,622
Alternative Uses
Best Use
Specialty Retail
$282.4K
$247.1K – $329.4K
NOI $19,766 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.7K
$389.1K – $518.9K
NOI $31,131 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,868
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 26%
Hotels & Casinos 5%
Electronics 1%
McDonald's
Dining
31,324 visits/mo
0.5 miles
State Employees Credit Union
Shops & Services
18,403 visits/mo
0.2 miles
The Capital Grille
Dining
12,586 visits/mo
0.2 miles
Hartford Marriott Downtown
Hotels & Casinos
3,537 visits/mo
0.3 miles
Dunkin' Donuts
Dining
2,614 visits/mo
0.4 miles
Demographics for 06106, CT
38,036
Population
16,938
Households
2.2
Avg Household Size
33
Median Age
17%
College-Educated
70%
High-School Grad
4.2 sq mi
ZIP Area
9,056
Density / Sq Mi
$47,542
Median Household Income
$31,395
Median Earnings
$1,237
Median Rent
$201,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Hartford, CT
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operating restaurant and bar business accompanies two retail condominium units offered together.
Where is this conventional restaurant located?
The property is located at 407 Main Street #101B Hartford, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,492‑square‑foot retail condominium; Operating restaurant and bar business offered with two units that must be purchased together; At the intersection of Main Street and Capitol Avenue in Hartford
