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    76-78 Franklin St Norwich, CT 06360

    For Lease
    $15 SF/Yr

    Historic Bar & Restaurant, 4,475 SF

    Lot size:
    4,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional restaurant and bar space, located at 76-78 Franklin Street in the vibrant Downtown Norwich submarket of Connecticut (zip code 06360), presents a unique leasing opportunity. Boasting approximately 4,475 square feet, this single-tenant property is the oldest continuously operating bar in Connecticut. Currently occupied by a successful brewery, the space will become available for lease in February 2025. The property features a well-maintained interior with historic finishes, offering a blend of character and modern functionality. The existing layout includes ample seating for approximately 92 patrons (80 inside, 12 at the bar) with additional outdoor seating potential. A fully equipped kitchen is included, featuring 14-foot hoods and two walk-in coolers (each 8' x 6'). Convenient municipal parking is located directly adjacent to the building. This turnkey operation provides a rare chance to establish or relocate a thriving business in a prime downtown location with a rich history. The property's established reputation and existing infrastructure offer significant advantages for a prospective tenant. This is an exceptional opportunity to acquire a well-established space in a desirable Connecticut location.

    Property Features for 76-78 Franklin St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,575 SF

    Unit(s) available at that property

    Space
    Size
    4,575 SF
    Rate per SF
    $15

    HighLights

    • 4,475 SF single‑tenant restaurant and bar space available February 2025 in Downtown Norwich, CT (06360).
    • Historic building, oldest continuously operating bar in Connecticut.
    • Seats 92 (80 inside, 12 at bar), with potential for outdoor seating.
    • Fully equipped kitchen with 14‑foot hoods and two 8'x6' walk‑in coolers.
    • Convenient municipal parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Norwich Appliance Repair ... Appliance Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.074171638523
    Latitude
    41.52596923747

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    FAQs

    What type of property is this?
    Restaurant - Historic Bar & Restaurant, 4,475 SF
    Where is this restaurant located?
    The property is located at 76-78 Franklin St Norwich, CT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 4,475 SF single-tenant restaurant and bar space available February 2025 in Downtown Norwich, CT (06360).; Historic building, oldest continuously operating bar in Connecticut.; Seats 92 (80 inside, 12 at bar), with potential for outdoor seating.
    Request Owner's contact information
    76-78 Franklin St Norwich, CT 06360
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    Norwich, CT 06360
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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
    76-78 Franklin St Norwich, CT 06360
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