948 Main St Windham, CT 06226
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.