Fully Equipped Restaurant
For Sale
$399,000
407 Main Street, Hartford, CT 06106
Commercial For Sale, Hartford, CT
Property Size1,492 SF
Price / SF$267.43
Days on Market97
Property Features for 407 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Parking
30
Lot features
Corner Lot, Level Lot
Directions
GPS friendly. Main Street, Hartford.
Subdivision
Downtown
Standard status
Active
Size
1,492 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5116
HOA Fee
$3,700 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Central Air
Water source
Public
Building Details
Year built
1895
Listing Agency:
Keller Williams Prestige Prop. · Keller Williams Realty
(203) 327-6700
Listed By:
Jacqueline Yeap · License #RES.0805343
(917) 302-7916
Added: Jul 1
Changed: Oct 4
Last Checked: Oct 5 at 12:06PM
MLS# 24187466
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial restaurant property includes a retail condominium unit measuring 1,492 square feet, together with an operating restaurant and bar business. The space is equipped for professional food service and includes two bathrooms, zoned heating, and central air conditioning. The property is within a historic building constructed in 1895 and is designated Commercial under current zoning.
The offering is positioned at the intersection of Main Street and Capitol Avenue in Hartford. Public water and public sewer serve the property. Two retail condominium units are available in the offering and must be purchased together, providing an established food-and-beverage operation within a prominent city intersection.
The offering is positioned at the intersection of Main Street and Capitol Avenue in Hartford. Public water and public sewer serve the property. Two retail condominium units are available in the offering and must be purchased together, providing an established food-and-beverage operation within a prominent city intersection.
Key Highlights
- 1,492‑square‑foot retail condominium unit
- Operating restaurant and bar business included
- Professional chef's restaurant with equipment in place
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.
Property Analytics
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant and bar business with commercial zoning, central air, and public water and sewer service.
Where is this conventional restaurant located?
The property is located at 407 Main Street 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 unit; Operating restaurant and bar business included; Professional chef's restaurant with equipment in place
