224 Main StBristol, CT 06010

Property Details for 224 Main St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.68 AC

Property size (Sq ft)

6,224 SF

Zone code

BD-1

Property type

Retail properties

Property subtype

Other retail properties

APN

BRIS M:26 L:4A-1

APU

BRISM26L4A1

Description

This exceptional value-add opportunity presents a 6,224 square foot restaurant located at 224 N Main St, Bristol, CT 06010. The property boasts a 6.69% cap rate with a projected pro-forma cap rate of 12.53% and a strong NOI of $53,200, projected to increase to $99,584. Currently 100% occupied by Parkside Café under a NNN lease commencing August 1, 2021, with negotiable lease options including a potential extension and rent increase in 2026. The building, renovated in 2021, sits on a 0.68-acre lot with 30 parking spaces and is zoned BD-1. Its prime location benefits from nearby developments like the Centre Square Village (104 units opening Fall 2024) and Wheeler Health facilities, promising future growth and increased property value. The asking price is $795,000, representing a price per square foot of $127.73. This single-tenant investment offers significant upside potential in a thriving Connecticut market.

Location Insight

City

Bristol

County

Hartford

State

Connecticut

Latitude

41.6767

Longitude

-72.9465

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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