Hartford Tavern and Real
For Sale
$899,000
83-85 Arch St, Hartford, CT 06103
Established tavern and real estate in Hartford's Front Street District.
Property Size4,109 SF
Price / SF$218.79
Days on Market188
Property Features for 83-85 Arch St
General Information
Standard status
Active
Size
4,109 SF
Building Details
Year Built
1908
Listing Agency:
Agnelli Real Estate
Listed By:
Richard Ziff · License #RES.0792917
(860) 604-1655
Source:
Valkyrierealtyllc
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 3:21PM
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 Agnelli Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a Hartford institution, Arch Street Tavern, a renowned tavern and live music venue, along with its valuable real estate. The property is situated in the heart of downtown Hartford near the convention center and across from Front Street entertainment district. This location benefits from year-round traffic from tourists, office workers, events, and nearby residential growth. The sale includes furniture, fixtures, and equipment valued at $97,500, and product inventory with an approximate value of $15,000. The business has been operating for 47 years and has a loyal customer base and local recognition. The property features 25 seats at the bar, lounge seating for 24, dining room seating for 160 indoor and 75 outdoor with bar, commercial kitchen, and performance stage space. Known for hosting bands, events, and private parties, it is ideal for a music-forward hospitality concept. The location has a walk score of 92, a transit score of 80, and a bike score of 59. The annual property tax is $1,200 with tax relief in year 4 for a 15 year deal. The building size is 4,209 square feet.
Key Highlights
- Premier Location: Heart of downtown Hartford, across from Front Street entertainment.
- Turnkey Operation: Fully operational and established Arch Street Tavern with 47 years of goodwill.
- Large Venue: 4,209 sqft with 25 bar seats, lounge, dining room, commercial kitchen, and performance stage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,436
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,720
$1.1M
Cap Rate 7%
$777,657
$777.7K
Cap Rate 9%
$604,844
$604.8K
Market Conditions
NOI Build-Up for 4,109 SF
Gross rent
$78.9K $19.20/SF
− Vacancy
−$6.3K −$1.54/SF
EGI
$72.6K $17.66/SF
− OpEx
−$18.1K −$4.42/SF
NOI
$54.4K $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%
$1,088,720
Cap Rate 7%
$777,657
Cap Rate 9%
$604,844
Alternative Uses
Best Use
Specialty Retail
$777.7K
$680.5K – $907.3K
NOI $54,436 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,734 @ 7.0% cap · market cap 9.54%
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
5,030
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 32%
Hotels & Casinos 30%
State Employees Credit Union
Shops & Services
18,403 visits/mo
0.5 miles
The Capital Grille
Dining
12,586 visits/mo
0.0 miles
Hampton Inn & Suites East Hartford, CT
Hotels & Casinos
5,627 visits/mo
0.4 miles
Residence Inn Hartford Downtown
Hotels & Casinos
5,281 visits/mo
0.4 miles
Hartford Marriott Downtown
Hotels & Casinos
3,537 visits/mo
0.1 miles
Demographics for 06103, CT
2,540
Population
2,562
Households
1
Avg Household Size
32
Median Age
67%
College-Educated
94%
High-School Grad
0.6 sq mi
ZIP Area
4,233
Density / Sq Mi
$79,476
Median Household Income
$83,471
Median Earnings
$1,677
Median Rent
$319,000
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
Similar Off Market Nearby
- Thomas Hooker Brewery at Colt — 140 Huyshope Ave, Hartford, CT 06106
- El Bohio Cafe 2 — 90 Park St, Hartford, CT 06106
- Republic Gas Tro Pub — Capitol Ave, Hartford, CT 06106
- Republic at The Linden — 10 Capitol Ave, Hartford, CT 06106
- Starbucks — 20 Front St, Hartford, CT 06103
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established tavern and real estate in Hartford's Front Street District.
Where is this bar & pub located?
The property is located at 83-85 Arch St Hartford, CT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Premier Location: Heart of downtown Hartford, across from Front Street entertainment.; Turnkey Operation: Fully operational and established Arch Street Tavern with 47 years of goodwill.; Large Venue: 4,209 sqft with 25 bar seats, lounge, dining room, commercial kitchen, and performance stage.
