Restaurant Space with
485 Wethersfield Ave, Hartford, CT 06114
For Sale
New
Contact for pricing
Street-level space includes freestanding restaurant equipment under the lease.
Property Size1,200 SF
Price / SF$2.50
Days on Market6
Property Features for 485 Wethersfield Ave
General Information
Standard status
Size
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Valdez Realty
Listed By:
John Valdez · License #REB.0795707
(860) 970-9373
Source:
Rhodeislandhomesforsale
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:32PM
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 Valdez Realty
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Investment Insights
Based on property information with market context.
This 1,200-square-foot restaurant space is at street level and was built in 1928. Freestanding restaurant equipment is included in the lease, and the current business owner is willing to provide operational guidance to the next operator.
The property is located at 485 Wethersfield Ave in Hartford’s South End. Use is subject to landlord approval and applicable permits.
The property is located at 485 Wethersfield Ave in Hartford’s South End. Use is subject to landlord approval and applicable permits.
Key Highlights
- 1,200 square feet of restaurant space
- Freestanding restaurant equipment included in the lease
- Street‑level commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,898
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,960
$318.0K
Cap Rate 7%
$227,114
$227.1K
Cap Rate 9%
$176,644
$176.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.0K $19.20/SF
− Vacancy
−$1.8K −$1.54/SF
EGI
$21.2K $17.66/SF
− OpEx
−$5.3K −$4.42/SF
NOI
$15.9K $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%
$317,960
Cap Rate 7%
$227,114
Cap Rate 9%
$176,644
Alternative Uses
Best Use
Specialty Retail
$227.1K
$198.7K – $265.0K
NOI $15,898 @ 7.0% cap · market cap 529.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.7K
$313.0K – $417.3K
NOI $25,038 @ 7.0% cap · market cap 834.60%
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
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 34%
Electronics 2%
Home Improvements & Furnishings 2%
Wendy's
Dining
14,676 visits/mo
0.5 miles
Burger King
Dining
12,283 visits/mo
0.5 miles
Family Dollar
Shops & Services
10,435 visits/mo
0.4 miles
Sunoco
Shops & Services
7,594 visits/mo
0.4 miles
Dollar General
Shops & Services
6,698 visits/mo
0.4 miles
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Hartford, CT
Properties on Market for Conventional restaurants in Hartford
Vacancy Rate% for Retail in Hartford, CT
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Street-level space includes freestanding restaurant equipment under the lease.
Where is this conventional restaurant located?
The property is located at 485 Wethersfield Ave Hartford, CT.
What are key features of this property?
This property features: 1,200 square feet of restaurant space; Freestanding restaurant equipment included in the lease; Street‑level commercial space
