Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    98 Main Street East Windsor, CT 6016

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $720,000

    Three units, banquet hall, B2 zoning in East Windsor.

    Type:Commercial
    Property size:
    6,000 SF
    Lot size:
    0.46 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    64
    Last Refresh:
    Apr 2 at 2:02 am

    Property Features for 98 Main Street

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.46 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    JONATHAN HAYES

    Listing agent JONATHAN HAYES

    Listing office Barile Realty Group

    Listing date Jan 29, 2026

    Source Corcoran

    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 Barile Realty Group

    Overview

    Mixed-Use Property in Broad Brook

    This mixed-use property is located in the heart of Broad Brook and is zoned B2, allowing for residential, commercial, and retail uses. The property features three units and two bathrooms on the main level, including men's and women's restrooms that are ADA accessible. The second floor includes an additional bathroom and a large 3,000-square-foot cathedral-style banquet hall with skylights, previously used as an art studio. The property offers a rare investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5466
    Latitude
    41.9178

    Nearby Similar for Sale

    • $589,900
      5,904 SF

      Charming Banquet Hall with Pond

      Banquet hall with picturesque views, commercial kitchen, and ballroom.
      27 Depot Street, East Windsor, CT 06016
      View Details
    • $589,900
      5,904 SF

      Charming Banquet Hall with Pond Views

      Picturesque banquet hall with commercial kitchen and outdoor terrace.
      27 Depot Street, East Windsor, CT 06016
      View Details
    • $310,000
      1,588 SF

      Mixed-Use Property Near I-91

      Mixed-use property with access to major transportation routes and amenities.
      143 Bridge Street, East Windsor, CT 06088
      View Details
    • $310,000
      3,234 SF

      East Windsor Commercial Condo Opportunity

      Versatile 3,234 SF condo suitable for daycare, office, or medical.
      8A Pasco Drive #B, East Windsor, CT 06088
      View Details
    • $2,450,000
      31,000 SF

      East Windsor Industrial Facility

      31,000 SF industrial facility with easy access to I-91.
      18 Thompson Rd, East Windsor, CT
      View Details
    • $3,850,000
      20,517 SF

      East Windsor Investment Opportunity

      5.03-acre property with automotive, office, and residential spaces.
      200 South Main Street, East Windsor, CT 06088
      View Details
    • $1,590,000
      19,934 SF

      East Windsor Flex Building For Sale

      19,934 SF flex building with expansion potential on large lot.
      6 Craftsman Rd, East Windsor, CT 06088
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three units, banquet hall, B2 zoning in East Windsor.
    Where is this mixed-use property located?
    The property is located at 98 Main Street East Windsor, CT.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Rare investment opportunity in the heart of Broad Brook.; Zoned B2 (residential, commercial, retail) offering versatile usage.; Features a large 3000 sq ft cathedral‑style banquet hall with skylights.
    (860) 627-2885
    We can help!
    Listing Contact
    JONATHAN HAYES
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!