Turnkey Bar and Restaurant with
For Sale
$1,500,000
811 Dixwell Ave, Hamden, CT 06511
Turnkey bar and restaurant with indoor and outdoor lounge space, DJ booth, commercial kitchen, and fully equipped bar areas.
Property Size4,057 SF
Price / SF$369.73
Days on Market140
Property Features for 811 Dixwell Ave
General Information
Standard status
Active
Size
4,057 SF
Property subtype
Commercial
Zoning
T4
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$10,369
Building Details
Year Built
1920
Listing Agency:
BHGRE Gaetano Marra Homes
(203) 758-0264
Listed By:
Reginald Scales
(203) 690-7424
Source:
Davejonesrealty
Added: Jun 11
Changed: Oct 25
Last Checked: Oct 28 at 7:50AM
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 BHGRE Gaetano Marra Homes
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Investment Insights
Based on property information with market context.
This turnkey bar and restaurant includes multiple lounge areas designed for events and entertainment, including an outdoor lounge, an indoor lounge, and a prime lounge area with a built-in DJ booth. The premises features a commercial kitchen, two fully functional bars, and four bathrooms, supporting both day-to-day operations and larger gatherings.
Additional improvements include a brand-new central air system, a spacious basement with ample storage and a bathroom, and an onsite security system. The property also includes two pool tables, adding to the established entertainment setup.
The business is located at 811 Dixwell Ave in Hamden, CT, with an additional property at 406 Goodrich Street included as part of the offering. That second parcel is currently being used for storage, providing flexibility for future development or operational overflow. With a long operating history and extensive in-place upgrades, the layout is well-suited for a buyer or operator looking for a ready-to-run hospitality concept with room for programmed events and nightlife-focused use.
Additional improvements include a brand-new central air system, a spacious basement with ample storage and a bathroom, and an onsite security system. The property also includes two pool tables, adding to the established entertainment setup.
The business is located at 811 Dixwell Ave in Hamden, CT, with an additional property at 406 Goodrich Street included as part of the offering. That second parcel is currently being used for storage, providing flexibility for future development or operational overflow. With a long operating history and extensive in-place upgrades, the layout is well-suited for a buyer or operator looking for a ready-to-run hospitality concept with room for programmed events and nightlife-focused use.
Key Highlights
- 4,507 SF commercial property with multiple lounge areas, including an outdoor lounge and indoor lounge
- Prime lounge area includes a built‑in DJ booth and a commercial kitchen for events and entertainment
- Two fully functional bars plus four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,600
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,000
$1.3M
Cap Rate 7%
$951,429
$951.4K
Cap Rate 9%
$740,000
$740.0K
Market Conditions
NOI Build-Up for 4,057 SF
Gross rent
$92.5K $22.80/SF
− Vacancy
−$3.7K −$0.91/SF
EGI
$88.8K $21.89/SF
− OpEx
−$22.2K −$5.47/SF
NOI
$66.6K $16.42/SF
Area
New Haven, CT
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,000
Cap Rate 7%
$951,429
Cap Rate 9%
$740,000
Alternative Uses
Best Use
Specialty Retail
$951.4K
$832.5K – $1.11M
NOI $66,600 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,353 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Burger King
Dining
9,071 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,710 visits/mo
0.2 miles
AutoZone
Shops & Services
3,901 visits/mo
0.3 miles
Gulf Oil
Shops & Services
3,728 visits/mo
0.4 miles
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- J.A. Bar & Grill — new haven, ct 06511
- Taurus Cafe LLC — 520 Winchester Ave #1, New Haven, CT 06511
- Taurus B Cafe — 520 Winchester Ave, New Haven, CT 06511
- John Lyman Center for the Performing Arts — Lyman Center, 501 Crescent St, New Haven, CT 06515
- Chazmo Cafe & Lounge — 819 Dixwell Ave, Hamden, CT 06517
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with indoor and outdoor lounge space, DJ booth, commercial kitchen, and fully equipped bar areas.
Where is this bar & pub located?
The property is located at 811 Dixwell Ave Hamden, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,507 SF commercial property with multiple lounge areas, including an outdoor lounge and indoor lounge; Prime lounge area includes a built‑in DJ booth and a commercial kitchen for events and entertainment; Two fully functional bars plus four bathrooms
