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Property profile & analytics
OFF-MARKET
Commercial real estate

948 Main St Windham, CT 06226

5,560 SF 0.13 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This exceptional mixed-use investment opportunity in downtown Windham, CT, comprises two buildings totaling 5,560 square feet on a 0.13-acre lot. 948 Main Street, a 3,700+ square foot building, houses a fully operational restaurant with seating for over 50 guests, a full bar, outdoor dining, and a fully equipped commercial kitchen. This established restaurant has enjoyed a successful 15-year history. The second floor of 948 Main Street is zoned for residential or office use, offering potential for owner-occupancy, rental income, or conversion to co-working space. The adjacent 956 Main Street building, currently gutted, is ready for immediate build-out. Zoned for retail and apartments, it presents a blank canvas for a mixed-use development. The property boasts a prime downtown location with high visibility and foot traffic, offering flexible zoning to maximize income streams through retail, restaurant, office, and residential uses. This turnkey restaurant and development-ready building represent a rare chance to acquire a versatile, income-generating property with significant value-add potential and built-in expansion opportunities. The asking price is $449,000.

Property profile
Verified
Property type Commercial real estate
Year built 1960
Total area 5,560 SF
Lot 0.13 ac (5,663 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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