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    150 Central St Bristol, CT 06010

    Sponsored
    For Sale
    $595,000

    High-Visibility Retail Center, Value-Add Potential

    Property size:
    6,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This mixed-use property, located at 150 Central St, Bristol, CT 06010, presents a compelling value-add investment opportunity. The 6,425 square foot strip plaza sits on a 0.99-acre lot zoned BG Business General and features six units, currently with one occupied restaurant tenant (3,577 sq ft) and the remaining space vacant. Built in 1950, this single-story building offers significant potential for redevelopment or lease-up. The property boasts high visibility and traffic, enhanced by its proximity to a traffic control light. The vacant units require build-to-suit, allowing for customization to attract a variety of tenants. The existing restaurant tenant occupies a substantial portion of the space, providing immediate income. The property's location offers excellent highway access. Seller financing may be available. This is an exceptional opportunity to acquire a well-located retail center with significant upside potential. The property's size and zoning allow for expansion or combination of units to accommodate larger tenants. The vacant space presents a chance to increase rental income and enhance the overall value of the property. This is an ideal opportunity for an owner/user or investor seeking a value-add project in a prime Bristol location.

    Property Features for 150 Central St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,425 SF
    Lot Size
    43,124 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • 6,425 SF mixed‑use strip plaza on 0.99‑acre lot in Bristol, CT.
    • Six units, one occupied (3,577 SF restaurant), others vacant, offering lease‑up or redevelopment potential.
    • High visibility location with traffic light and highway access.
    • Seller financing may be considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.898044092049
    Latitude
    41.673119382184

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    FAQs

    What type of property is this?
    Mixed-use property - High-Visibility Retail Center, Value-Add Potential
    Where is this mixed-use property located?
    The property is located at 150 Central St Bristol, CT.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 6,425 SF mixed-use strip plaza on 0.99-acre lot in Bristol, CT.; Six units, one occupied (3,577 SF restaurant), others vacant, offering lease-up or redevelopment potential.; High visibility location with traffic light and highway access.
    Request Owner's contact information
    150 Central St Bristol, CT 06010
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    Bristol, CT 06010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Central St Bristol, CT 06010
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