150 Central St Bristol, CT 06010
- Super regional malls
- 6,425 SF
- 0.21 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 150 Central St
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 6,425 SF
- Zone code
- BG
- Property type
- Super regional malls
- APN
- BRIS M:41 L:5-0131121
- APU
- BRISM41L50131121
Description
This exceptional investment opportunity presents a 6,425 square foot strip plaza ideally situated at 150 Central Street in Bristol, Connecticut. The property encompasses three contiguous lots (41-5, 41-6, and 41-7), totaling 0.99 acres, and zoned BG General Business. The main building, located on Lot 41-5 (0.49 acres), features up to six individual commercial units, currently housing a restaurant tenant occupying 3,577 square feet. The additional lots, 11 East Main Street (Lot 41-6, 0.29 acres) and an adjacent lot on East Main Street (Lot 41-7, 0.21 acres), offer significant expansion or redevelopment potential. The property boasts ample rear parking and benefits from excellent visibility and high traffic counts due to its strategic location at the lighted intersection of Central, East Main, and Broad Streets. A right-of-way ensures easy access. This property presents a tremendous opportunity for both owner-users seeking to establish their business and investors looking for a strong return. The seller may consider financing options. The asking price is $595,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $255,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $235,000
- Mixed-Use
- $280,000
- Hospitality
- $280,000
- Educational
- $240,000
- Residential Income
- $235,000
- Energy
- $255,000
- Income-Based Land
- $305,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8977
- Latitude
- 41.6729
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA