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Property profile & analytics
OFF-MARKET Estimated value $795,000
Turn key restaurants

237 New Britain Rd Berlin, CT 06037-1353

8,514 SF 0.97 ac lot Built 2008
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-0359191
Property summary
AI-generated overview

This exceptional 8,514 square foot commercial property, situated on a 0.97-acre lot at 237 New Britain Road in Berlin, CT, presents a unique investment opportunity. Currently operating as a successful ethnic restaurant for over 25 years, the property includes all furniture, fixtures, and equipment (FF&E) within the asking price of $1,695,000. The stunning interior and exterior boast a five-star design, creating an elegant and versatile space ideal for a variety of uses. A highlight is the magnificent ballroom, capable of accommodating up to 220 guests, perfect for large-scale corporate events, weddings, and other celebrations. Additionally, a private upstairs area can host smaller gatherings of up to 40 people. The property's established history and high-quality amenities offer immediate income potential and significant long-term growth prospects. Owner financing is negotiable, making this an attractive proposition for discerning investors seeking a turnkey operation in a desirable Connecticut location. The property's prime location and versatile design make it an exceptional opportunity for both established businesses and new ventures. The inclusion of all FF&E streamlines the transition process for a seamless takeover. This is a rare chance to acquire a well-established, high-quality commercial property with significant earning potential.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2008
Construction FRAME
Total area 8,514 SF
Lot 0.97 ac (42,253 SF)
Zoning code CCD-1
APN BERL M:3-3 B:28 L:14
UPID US15-0359191
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
Current use
Occupant on record · Public records
  • Baltic Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$796k
Blend (final) Blend
$795k
Owner & transaction history
237 New Britain Road LLC · 1 yrs held
237 New Britain Road LLC
since 2025
4 recorded transactions
2025
$925,000
2011
Price N/A
2010
Price N/A
2007
$390,000
Zoning & alternative use
CCD-1 · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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